First Trust Preferred Securities and Income ETF
413 hedge funds and large institutions have $3.51B invested in First Trust Preferred Securities and Income ETF in 2024 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 175 increasing their positions, 136 reducing their positions, and 36 closing their positions.
31% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 36
29% more repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 136
8% more capital invested
Capital invested by funds: $3.24B → $3.51B (+$270M)
2% more funds holding
Funds holding: 405 → 413 (+8)
0.94% more ownership
Funds ownership: 61.65% → 62.59% (+0.94%)
11% less funds holding in top 10
Funds holding in top 10: 19 → 17 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$28.8M |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$25.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$19M |
| 4 |
LPL Financial
San Diego,
California
|
+$18.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$15.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$19.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$18.2M |
| 3 |
AA
Advisory Alpha
Holland,
Michigan
|
-$9.58M |
| 4 |
TLP
Trinity Legacy Partners
Houston,
Texas
|
-$7.92M |
| 5 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$6.21M |
FPE Hedge Fund Activity: Q3 2024 in Review
413 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2024, worth a combined $3.51B — up 8.3% from $3.24B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new FPE positions and 36 closed out — a net gain of 11 holders — while 175 added to existing stakes and 136 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $28.8M. The largest seller was Cetera Investment Advisers, exiting entirely with an estimated $19.8M sold.
- 413 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2024, up from 405 in Q2 2024.
- Funds reported $3.51B of First Trust Preferred Securities and Income ETF stock for Q3 2024, up 8.3% quarter-over-quarter.
- 47 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2024 and 36 closed out, a net change of +11 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2024 was Morgan Stanley, an estimated $28.8M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2024 was Cetera Investment Advisers, an estimated $19.8M sold.
Based on aggregated 13F filings for Q3 2024.