First Trust Preferred Securities and Income ETF
52 hedge funds and large institutions have $205M invested in First Trust Preferred Securities and Income ETF in 2015 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 7 reducing their positions, and 7 closing their positions.
229% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 7
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
41% more capital invested
Capital invested by funds: $145M → $205M (+$59.3M)
24% more funds holding
Funds holding: 42 → 52 (+10)
0.75% more ownership
Funds ownership: 55.81% → 56.56% (+0.75%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$29.8M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.76M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.71M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.55M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$3.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$5.03M |
| 2 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$1.01M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$972K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$970K |
| 5 |
AIM
Advantage Investment Management
Cedar Rapids,
Iowa
|
-$843K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IWMPD
51
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| $6K | – | – | – |
|
52
Wells Fargo
San Francisco,
California
| $3K | – | – | – |
|
|
53
HighTower Advisors
Chicago,
Illinois
| – | -$5.03M | -265,632 | Closed |
|
|
54
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$970K | -51,176 | Closed |
|
|
CS
55
Comerica Securities
Detroit,
Michigan
| – | -$228K | -12,044 | Closed |
|
56
Goldman Sachs
New York
| – | -$218K | -11,481 | Closed |
|
|
SAM
57
Stringer Asset Management
Memphis,
Tennessee
| – | -$189K | -9,974 | Closed |
|
58
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$28K | -1,500 | Closed |
|
59
Citigroup
New York
| – | -$4K | -200 | Closed |
|
FPE Hedge Fund Activity: Q3 2015 in Review
52 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2015, worth a combined $205M — up 41% from $145M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FPE positions and 7 closed out — a net gain of 11 holders — while 23 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $29.8M. The largest seller was HighTower Advisors, exiting entirely with an estimated $5.03M sold.
- 52 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2015, up from 42 in Q2 2015.
- Funds reported $205M of First Trust Preferred Securities and Income ETF stock for Q3 2015, up 41% quarter-over-quarter.
- 18 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2015 and 7 closed out, a net change of +11 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2015 was Morgan Stanley, an estimated $29.8M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2015 was HighTower Advisors, an estimated $5.03M sold.
Based on aggregated 13F filings for Q3 2015.