First Trust Preferred Securities and Income ETF
75 hedge funds and large institutions have $442M invested in First Trust Preferred Securities and Income ETF in 2016 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 13 reducing their positions, and 5 closing their positions.
300% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 5
169% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 13
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
33% more capital invested
Capital invested by funds: $333M → $442M (+$109M)
25% more funds holding
Funds holding: 60 → 75 (+15)
1.57% more ownership
Funds ownership: 57.22% → 58.78% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$41.3M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$24.6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$10.1M |
| 4 |
LPL Financial
San Diego,
California
|
+$8.49M |
| 5 |
AIG
American International Group
New York
|
+$5.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$5.35M |
| 2 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$4.17M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.61M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.02M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$869K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$1.02M | -54,038 | Closed |
|
|
77
CIBC World Market
Toronto,
Ontario, Canada
| – | -$869K | -45,857 | Closed |
|
|
FIM
78
Freedom Investment Management
Hartford,
Connecticut
| – | -$572K | -30,164 | Closed |
|
|
AFP
79
Ausdal Financial Partners
Davenport,
Iowa
| – | -$9K | -500 | Closed |
|
80
US Bancorp
Minneapolis,
Minnesota
| – | -$9K | -500 | Closed |
|
FPE Hedge Fund Activity: Q1 2016 in Review
75 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2016, worth a combined $442M — up 33% from $333M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FPE positions and 5 closed out — a net gain of 15 holders — while 35 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $41.3M. The largest seller was Transamerica Financial Advisors, cutting an estimated $5.35M.
- 75 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2016, up from 60 in Q4 2015.
- Funds reported $442M of First Trust Preferred Securities and Income ETF stock for Q1 2016, up 33% quarter-over-quarter.
- 20 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2016 and 5 closed out, a net change of +15 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q1 2016 was Morgan Stanley, an estimated $41.3M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q1 2016 was Transamerica Financial Advisors, an estimated $5.35M sold.
Based on aggregated 13F filings for Q1 2016.