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First Trust Preferred Securities and Income ETF

FPE

Market cap $6.36B

107 hedge funds and large institutions have $871M invested in First Trust Preferred Securities and Income ETF in 2017 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 50 increasing their positions, 21 reducing their positions, and 13 closing their positions.

New

Increased

Maintained

Reduced

Closed

138% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 21

85% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 13

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

15% more capital invested

Capital invested by funds: $758M → $871M (+$113M)

9% more funds holding

Funds holding: 98 → 107 (+9)

2.5% less ownership

Funds ownership: 50.42% → 47.92% (-2.5%)

Holders

107

Holders Change

Holders Change %

+9.18%

% of All Funds

2.66%

Holding in Top 10

Holding in Top 10 Change

Holding in Top 10 Change %

+40%

% of All Funds

0.17%

New

Increased

Reduced

Closed

Calls

–

Puts

–

Net Calls

–

Net Calls Change

–

Top Buyers

1	Morgan Stanley New York	+$54.2M
2	Royal Bank of Canada Toronto, Ontario, Canada	+$14.1M
3	RJFSA Raymond James Financial Services Advisors St. Petersburg, Florida	+$6.38M
4	UBS Group Zurich, Switzerland	+$5.71M
5	MMA Miracle Mile Advisors Los Angeles, California	+$5.64M

Top Sellers

1	HWA HCR Wealth Advisors Los Angeles, California	-$20.7M
2	Stifel Financial St. Louis, Missouri	-$2.6M
3	RJA Raymond James & Associates St Petersburg, Florida	-$1.79M
4	FTUS Flow Traders U.S. New York	-$1.51M
5	WI WBI Investments Red Bank, New Jersey	-$1.49M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
51	51 Millennium Management New York	$1.05M	+$1.04M	+53,681	New
52	BRWA 52 B. Riley Wealth Advisors Boca Raton, Florida	$963K	+$253K	+13,057	+36%
53	FFEC 53 First Financial Equity Corporation Scottsdale, Arizona	$935K	+$926K	+47,774	New
54	PFS 54 Prospera Financial Services Dallas, Texas	$877K	+$629K	+32,447	+262%
55	SAM 55 Shamrock Asset Management Dallas, Texas	$831K	+$45.3K	+2,336	+6%
56	BCM 56 Bluefin Capital Management New York	$796K	+$791K	+40,795	New
57	TC 57 Telemus Capital Southfield, Michigan	$781K	–	–	–
58	PAG 58 Private Advisor Group Morristown, New Jersey	$743K	+$736K	+37,961	New
59	EWM 59 Empirical Wealth Management Seattle, Washington	$719K	+$131K	+6,741	+22%
60	CS 60 Comerica Securities Detroit, Michigan	$716K	+$711K	+36,683	New
61	FIM 61 Freedom Investment Management Hartford, Connecticut	$588K	+$165K	+8,511	+39%
62	ONB 62 Old National Bancorp Evansville, Indiana	$586K	+$15.4K	+796	+3%
63	NWM 63 Northwest Wealth Management Spencer, Iowa	$580K	+$109K	+5,647	+23%
64	BTS 64 BB&T Securities Richmond, Virginia	$551K	+$547K	+28,241	New
65	BAS 65 Brown Advisory Securities Baltimore, Maryland	$510K	+$77.5K	+4,000	+18%
66	SPC 66 Sigma Planning Corp Ann Arbor, Michigan	$485K	+$482K	+24,869	New
67	CCA 67 Clearwater Capital Advisors Hoffman Estates, Illinois	$451K	+$173K	+8,929	+63%
68	GWM 68 Geneos Wealth Management Englewood, Colorado	$429K	+$364K	+18,797	+589%
69	OC 69 Oppenheimer & Co New York	$403K	+$124K	+6,386	+45%
70	CAL 70 Capital Advisors Ltd Shaker Heights, Ohio	$351K	–	–	–
71	ISB 71 Iowa State Bank Urbandale, Iowa	$346K	–	–	–
72	SI 72 Stephens Inc Little Rock, Arkansas	$346K	+$129K	+6,660	+60%
73	JWBC 73 J.W. Burns & Co Dewitt, New York	$338K	+$84.4K	+4,355	+34%
74	GS 74 Girard Securities San Diego, California	$321K	-$5.64K	-291	-2%
75	LWAC 75 Laurel Wealth Advisors (California) Solana Beach, California	$307K	–	–	–

FPE Hedge Fund Activity: Q1 2017 in Review

107 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2017, worth a combined $871M — up 15% from $758M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FPE positions and 13 closed out — a net gain of 11 holders — while 50 added to existing stakes and 21 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $54.2M. The largest seller was HCR Wealth Advisors, exiting entirely with an estimated $20.7M sold.

107 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2017, up from 98 in Q4 2016.
Funds reported $871M of First Trust Preferred Securities and Income ETF stock for Q1 2017, up 15% quarter-over-quarter.
24 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2017 and 13 closed out, a net change of +11 holders.
The largest First Trust Preferred Securities and Income ETF buyer in Q1 2017 was Morgan Stanley, an estimated $54.2M added.
The largest First Trust Preferred Securities and Income ETF seller in Q1 2017 was HCR Wealth Advisors, an estimated $20.7M sold.

Based on aggregated 13F filings for Q1 2017.

First Trust Preferred Securities and Income ETF FPE Market cap $6.36B