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First Trust Preferred Securities and Income ETF

305 hedge funds and large institutions have $2.59B invested in First Trust Preferred Securities and Income ETF in 2020 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 114 increasing their positions, 102 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more capital invested

Capital invested by funds: $2.18B → $2.59B (+$415M)

18% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 39

12% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 102

1% more funds holding

Funds holding: 301305 (+4)

1.1% more ownership

Funds ownership: 50.41%51.51% (+1.1%)

9% less funds holding in top 10

Funds holding in top 10: 2321 (-2)

Holders
305
Holders Change
+4
Holders Change %
+1.33%
% of All Funds
6.25%
Holding in Top 10
21
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.7%
% of All Funds
0.43%
New
46
Increased
114
Reduced
102
Closed
39
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
WFG
51
Wills Financial Group
Virginia
$5.92M -$65.4K -3,623 -1%
TW
52
Transform Wealth
Colorado
$5.58M +$401K +22,218 +8%
AWE
53
Avidian Wealth Enterprises
Texas
$5.48M +$5.37M +297,462 New
NDSI
54
Newman Dignan & Sheerar Inc
Rhode Island
$5.47M +$5.19M +287,515 New
B
55
Barings
North Carolina
$5.35M
QCIG
56
Quad-Cities Investment Group
Iowa
$5.13M +$131K +7,235 +3%
GI
57
Gradient Investments
Minnesota
$5.02M -$5.03M -278,877 -51%
Comerica Bank
58
Comerica Bank
Texas
$5.01M +$147K +8,145 +3%
Cetera Investment Advisers
59
Cetera Investment Advisers
Illinois
$4.89M -$190K -10,546 -4%
SPC
60
Sigma Planning Corp
Michigan
$4.54M +$321K +17,809 +8%
FLI
61
Family Legacy Inc
South Carolina
$4.42M +$312K +17,307 +8%
PAG
62
Private Advisor Group
New Jersey
$4.39M +$57K +3,157 +1%
AIM
63
Aspen Investment Management
Michigan
$4.22M -$2.37M -131,534 -36%
APWM
64
Atlas Private Wealth Management
New York
$4.2M +$157K +8,707 +4%
HR
65
Hardy Reed
Mississippi
$4.19M
AFA
66
American Financial Advisors
Georgia
$4.03M -$10.7M -592,557 -73%
LNC
67
Lincoln National Corp
Pennsylvania
$3.85M -$159K -8,805 -4%
Citigroup
68
Citigroup
New York
$3.76M +$687K +38,041 +23%
CCMG
69
Clark Capital Management Group
Pennsylvania
$3.73M +$3.66M +202,571 New
PNC Financial Services Group
70
PNC Financial Services Group
Pennsylvania
$3.46M -$118K -6,563 -3%
SFG
71
StrategIQ Financial Group
Indiana
$3.32M -$118K -6,527 -3%
FHC
72
First Heartland Consultants
Missouri
$3.05M +$413K +22,899 +16%
BFEC
73
Benjamin F. Edwards & Company
Missouri
$3.03M -$1.31M -72,293 -31%
BCI
74
Brinker Capital Investments
Pennsylvania
$3.02M +$278K +15,394 +10%
MWA
75
MFA Wealth Advisors
Pennsylvania
$2.98M +$2.59M +143,550 +799%

FPE Hedge Fund Activity: Q2 2020 in Review

305 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2020, worth a combined $2.59B — up 19% from $2.18B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new FPE positions and 39 closed out — a net gain of 7 holders — while 114 added to existing stakes and 102 trimmed.

The largest buyer was Grimes & Company, opening a new position worth an estimated $65.1M. The largest seller was Eaton Vance Management, cutting an estimated $38M.

  • 305 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2020, up from 301 in Q1 2020.
  • Funds reported $2.59B of First Trust Preferred Securities and Income ETF stock for Q2 2020, up 19% quarter-over-quarter.
  • 46 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2020 and 39 closed out, a net change of +7 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q2 2020 was Grimes & Company, an estimated $65.1M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q2 2020 was Eaton Vance Management, an estimated $38M sold.

Based on aggregated 13F filings for Q2 2020.