First Trust Preferred Securities and Income ETF
333 hedge funds and large institutions have $3.55B invested in First Trust Preferred Securities and Income ETF in 2021 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 163 increasing their positions, 86 reducing their positions, and 32 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 86
20% more funds holding in top 10
Funds holding in top 10: 25 → 30 (+5)
8% more capital invested
Capital invested by funds: $3.28B → $3.55B (+$273M)
1.51% more ownership
Funds ownership: 55.67% → 57.17% (+1.5%)
9% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 32
0% more funds holding
Funds holding: 333 → 333 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$60M |
| 2 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$41.8M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$37.2M |
| 4 |
TLP
Trinity Legacy Partners
Houston,
Texas
|
+$26.5M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$22.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$49.6M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$30.3M |
| 3 |
BFG
Beacon Financial Group
Dallas,
Texas
|
-$16.5M |
| 4 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$15.8M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$6.89M |
FPE Hedge Fund Activity: Q1 2021 in Review
333 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2021, worth a combined $3.55B — up 8.3% from $3.28B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new FPE positions and 32 closed out — a net gain of 3 holders — while 163 added to existing stakes and 86 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $60M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $49.6M sold.
- 333 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $3.55B of First Trust Preferred Securities and Income ETF stock for Q1 2021, up 8.3% quarter-over-quarter.
- 35 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2021 and 32 closed out, a net change of +3 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q1 2021 was Morgan Stanley, an estimated $60M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q1 2021 was Eaton Vance Management, an estimated $49.6M sold.
Based on aggregated 13F filings for Q1 2021.