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First Trust Preferred Securities and Income ETF

405 hedge funds and large institutions have $3.26B invested in First Trust Preferred Securities and Income ETF in 2024 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 163 increasing their positions, 140 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more repeat investments, than reductions

Existing positions increased: 163 | Existing positions reduced: 140

16% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 38

0% more funds holding

Funds holding: 404405 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1919 (0)

16.67% less ownership

Funds ownership: 78.16%61.49% (-17%)

21% less capital invested

Capital invested by funds: $4.13B → $3.26B (-$873M)

90% less call options, than puts

Call options by funds: $35K | Put options by funds: $348K

Holders
405
Holders Change
+1
Holders Change %
+0.25%
% of All Funds
5.83%
Holding in Top 10
19
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.27%
New
44
Increased
163
Reduced
140
Closed
38
Calls
$35K
Puts
$348K
Net Calls
-$313K
Net Calls Change
-$157K
Name Holding Trade Value Shares
Change
Change in
Stake
PFS
26
Prospera Financial Services
Texas
$19.2M +$3M +175,640 +19%
EWM
27
Empirical Wealth Management
Washington
$18.3M +$54.6K +3,195 +0.3%
Truist Financial
28
Truist Financial
North Carolina
$17.1M +$127K +7,409 +0.8%
JP Morgan Chase
29
JP Morgan Chase
New York
$16.8M +$5.01M +293,116 +43%
TLP
30
Trinity Legacy Partners
Texas
$16.5M +$4.02M +234,859 +33%
HWA
31
HCR Wealth Advisors
California
$15.3M -$728K -42,554 -5%
GI
32
Gradient Investments
Minnesota
$13.6M +$1.44M +84,353 +12%
MML Investors Services
33
MML Investors Services
Massachusetts
$12.6M -$1.11M -64,912 -8%
AWE
34
Avidian Wealth Enterprises
Texas
$12.1M +$2.32M +135,849 +24%
WA
35
Waverly Advisors
Alabama
$11.6M +$11.5M +670,303 New
TW
36
Transform Wealth
Colorado
$11.5M +$977K +57,131 +9%
Wealth Enhancement Advisory Services
37
Wealth Enhancement Advisory Services
Minnesota
$11.1M -$1.25M -72,891 -10%
B
38
Barings
North Carolina
$11M
CAN
39
Cetera Advisor Networks
California
$10.8M +$1.57M +91,539 +17%
NRI
40
NFP Retirement Inc
California
$10.5M -$1.57M -91,951 -13%
SWP
41
Stratos Wealth Partners
Ohio
$10.1M -$3.59M -210,213 -27%
CAG
42
Csenge Advisory Group
Florida
$9.26M +$598K +34,973 +7%
PAG
43
Private Advisor Group
New Jersey
$9.08M +$702K +41,067 +8%
EIA
44
Eldridge Investment Advisors
New Hampshire
$9.06M +$291K +17,046 +3%
AO
45
Advisor OS
Illinois
$8.99M +$8.87M +518,894 New
KPWS
46
Kestra Private Wealth Services
Texas
$8.76M +$521K +30,477 +6%
MMA
47
Miracle Mile Advisors
California
$8.69M -$3.49M -203,997 -29%
IIC
48
Ironwood Investment Counsel
Arizona
$8.67M +$1.85M +108,092 +28%
TCM
49
Triumph Capital Management
Colorado
$8.53M -$353K -20,638 -4%
Citigroup
50
Citigroup
New York
$7.91M -$930K -54,392 -11%

FPE Hedge Fund Activity: Q1 2024 in Review

405 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2024, worth a combined $3.26B — down 21% from $4.13B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new FPE positions and 38 closed out — a net gain of 6 holders — while 163 added to existing stakes and 140 trimmed.

The largest buyer was UBS Group, adding an estimated $14.2M. The largest seller was Morgan Stanley, cutting an estimated $800M.

  • 405 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2024, up from 404 in Q4 2023.
  • Funds reported $3.26B of First Trust Preferred Securities and Income ETF stock for Q1 2024, down 21% quarter-over-quarter.
  • 44 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2024 and 38 closed out, a net change of +6 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q1 2024 was UBS Group, an estimated $14.2M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q1 2024 was Morgan Stanley, an estimated $800M sold.

Based on aggregated 13F filings for Q1 2024.