First Trust Preferred Securities and Income ETF
74 hedge funds and large institutions have $477M invested in First Trust Preferred Securities and Income ETF in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 43 increasing their positions, 11 reducing their positions, and 12 closing their positions.
291% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 11
8% more capital invested
Capital invested by funds: $442M → $477M (+$34.7M)
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
1% less funds holding
Funds holding: 75 → 74 (-1)
6.67% less ownership
Funds ownership: 58.78% → 52.12% (-6.7%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$25M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$9.12M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$6.91M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$5.35M |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$3.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$19.9M |
| 2 |
AIG
American International Group
New York
|
-$8.63M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.43M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$3.94M |
| 5 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$2.59M |
FPE Hedge Fund Activity: Q2 2016 in Review
74 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2016, worth a combined $477M — up 7.9% from $442M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FPE positions and 12 closed out — a net gain of 1 holder — while 43 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $25M. The largest seller was LPL Financial, cutting an estimated $19.9M.
- 74 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2016, down from 75 in Q1 2016.
- Funds reported $477M of First Trust Preferred Securities and Income ETF stock for Q2 2016, up 7.9% quarter-over-quarter.
- 13 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2016 and 12 closed out, a net change of +1 holder.
- The largest First Trust Preferred Securities and Income ETF buyer in Q2 2016 was Morgan Stanley, an estimated $25M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q2 2016 was LPL Financial, an estimated $19.9M sold.
Based on aggregated 13F filings for Q2 2016.