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First Trust Preferred Securities and Income ETF

60 hedge funds and large institutions have $333M invested in First Trust Preferred Securities and Income ETF in 2015 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 29 increasing their positions, 8 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

263% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 8

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

63% more capital invested

Capital invested by funds: $205M → $333M (+$128M)

15% more funds holding

Funds holding: 5260 (+8)

0.66% more ownership

Funds ownership: 56.56%57.22% (+0.66%)

Holders
60
Holders Change
+8
Holders Change %
+15.38%
% of All Funds
1.57%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
19
Increased
29
Reduced
8
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
WT
51
Whittier Trust
California
$95K +$94.7K +5,000 New
BFEC
52
Benjamin F. Edwards & Company
Missouri
$44K +$341 +18 +0.8%
WEC
53
Winslow Evans & Crocker
Massachusetts
$30.3K +$30.3K +1,600 New
SAM
54
Shamrock Asset Management
Texas
$30K +$30K +1,582 New
NFG
55
Next Financial Group
Texas
$26K +$26.8K +1,413 New
DADC
56
D.A. Davidson & Co
Montana
$15K
WA
57
WFG Advisors
Texas
$15K +$15.2K +805 New
US Bancorp
58
US Bancorp
Minnesota
$9K
AFP
59
Ausdal Financial Partners
Iowa
$9K +$9.47K +500 New
IWMPD
60
Integrated Wealth Management (Palm Desert)
California
$6K
MMA
61
Miracle Mile Advisors
California
-$13.4M -714,078 Closed
SIM
62
SSI Investment Management
California
-$6.26M -334,214 Closed
Jane Street
63
Jane Street
New York
-$1.98M -105,384 Closed
HI
64
Horizon Investments
North Carolina
-$922K -49,161 Closed
FWM
65
Frontier Wealth Management
Missouri
-$406K -21,649 Closed
SI
66
SII Investments
Wisconsin
-$324K -17,253 Closed
VKH
67
Virtu KCG Holdings
New York
-$239K -12,733 Closed
IH
68
IFC Holdings
Florida
-$236K -12,521 Closed
AIM
69
Advantage Investment Management
Iowa
-$109K -5,788 Closed
CMO
70
Covenant Multifamily Offices
Texas
-$66K -3,523 Closed

FPE Hedge Fund Activity: Q4 2015 in Review

60 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2015, worth a combined $333M — up 63% from $205M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FPE positions and 10 closed out — a net gain of 9 holders — while 29 added to existing stakes and 8 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $48.6M. The largest seller was Miracle Mile Advisors, exiting entirely with an estimated $13.4M sold.

  • 60 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2015, up from 52 in Q3 2015.
  • Funds reported $333M of First Trust Preferred Securities and Income ETF stock for Q4 2015, up 63% quarter-over-quarter.
  • 19 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2015 and 10 closed out, a net change of +9 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q4 2015 was Morgan Stanley, an estimated $48.6M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q4 2015 was Miracle Mile Advisors, an estimated $13.4M sold.

Based on aggregated 13F filings for Q4 2015.