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First Trust Preferred Securities and Income ETF

88 hedge funds and large institutions have $647M invested in First Trust Preferred Securities and Income ETF in 2016 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 38 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

124% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 17

100% more funds holding in top 10

Funds holding in top 10: 36 (+3)

36% more capital invested

Capital invested by funds: $477M → $647M (+$170M)

19% more funds holding

Funds holding: 7488 (+14)

0.29% more ownership

Funds ownership: 52.12%52.41% (+0.29%)

Holders
88
Holders Change
+14
Holders Change %
+18.92%
% of All Funds
2.35%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.16%
New
23
Increased
38
Reduced
17
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Comerica Bank
51
Comerica Bank
Texas
$610K +$609K +31,224 New
NFG
52
Next Financial Group
Texas
$602K +$101K +5,157 +20%
SWP
53
Stratos Wealth Partners
Ohio
$502K -$13.7K -700 -3%
CWM
54
Concert Wealth Management
California
$455K +$453K +23,224 New
ASN
55
Advisory Services Network
Georgia
$446K -$10.4K -535 -2%
WA
56
WESPAC Advisors
California
$442K -$16.5K -845 -4%
BAS
57
Brown Advisory Securities
Maryland
$386K +$119K +6,100 +45%
WI
58
Wintrust Investments
Illinois
$379K +$379K +19,403 New
GS
59
Girard Securities
California
$368K -$22.6K -1,159 -6%
CAL
60
Capital Advisors Ltd
Ohio
$360K +$99.5K +5,102 +38%
ISB
61
Iowa State Bank
Iowa
$346K
LWAC
62
Laurel Wealth Advisors (California)
California
$308K
SG Americas Securities
63
SG Americas Securities
New York
$301K +$300K +15,389 New
BCM
64
Beck Capital Management
Texas
$284K +$283K +14,525 New
BRWA
65
B. Riley Wealth Advisors
Florida
$261K +$12.1K +622 +3%
NPC
66
National Planning Corporation
California
$251K +$16.8K +859 +7%
OC
67
Oppenheimer & Co
New York
$250K +$249K +12,780 New
PAG
68
Private Advisor Group
New Jersey
$243K +$242K +12,427 New
UR
69
USCA RIA
Texas
$242K
PFS
70
Prospera Financial Services
Texas
$242K +$242K +12,380 New
Cetera Investment Advisers
71
Cetera Investment Advisers
Illinois
$228K +$227K +11,621 New
IH
72
IFC Holdings
Florida
$221K -$35.8K -1,834 -14%
WC
73
Whitnell & Co
Illinois
$195K
BFEC
74
Benjamin F. Edwards & Company
Missouri
$181K +$110K +5,616 +155%
WT
75
Whittier Trust
California
$98K

FPE Hedge Fund Activity: Q3 2016 in Review

88 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2016, worth a combined $647M — up 36% from $477M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new FPE positions and 7 closed out — a net gain of 16 holders — while 38 added to existing stakes and 17 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $41.1M. The largest seller was Envestnet Asset Management, cutting an estimated $6.28M.

  • 88 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2016, up from 74 in Q2 2016.
  • Funds reported $647M of First Trust Preferred Securities and Income ETF stock for Q3 2016, up 36% quarter-over-quarter.
  • 23 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2016 and 7 closed out, a net change of +16 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q3 2016 was Morgan Stanley, an estimated $41.1M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q3 2016 was Envestnet Asset Management, an estimated $6.28M sold.

Based on aggregated 13F filings for Q3 2016.