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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
76	76 Cetera Investment Advisers Schaumburg, Illinois	$259K	+$257K	+13,253	New
77	PFGIA 77 Patriot Financial Group Insurance Agency Westborough, Massachusetts	$257K	+$58.9K	+3,037	+30%
78	PAG 78 Private Advisory Group Redmond, Washington	$254K	-$84.8K	-4,377	-25%
79	FHC 79 First Heartland Consultants Lake St. Louis, Missouri	$244K	-$449K	-23,186	-65%
80	CWM 80 Concert Wealth Management San Jose, California	$230K	+$235K	+12,140	New
81	RA 81 RFG Advisory Birmingham, Alabama	$224K	+$222K	+11,455	New
82	MCM 82 Mengis Capital Management Portland, Oregon	$221K	+$220K	+11,335	New
83	CWM 83 Cornerstone Wealth Management St. Peters, Missouri	$212K	+$209K	+10,760	New
84	IH 84 IFC Holdings Tampa, Florida	$211K	+$1.14K	+59	+0.6%
85	85 Wells Fargo San Francisco, California	$206K	-$1.1M	-56,991	-84%
86	UR 86 USCA RIA Houston, Texas	$206K	–	–	–
87	SFG 87 StrategIQ Financial Group Merrillville, Indiana	$202K	+$201K	+10,360	New
88	ASN 88 Advisory Services Network Atlanta, Georgia	$200K	+$198K	+10,238	New
89	SPIA 89 Steward Partners Investment Advisory New York	$168K	–	–	–
90	PB 90 Pinnacle Bancorp Beatrice, Nebraska	$140K	+$139K	+7,183	New
91	WA 91 WFG Advisors Dallas, Texas	$112K	-$17.4K	-900	-14%
92	WT 92 Whittier Trust South Pasadena, California	$98K	–	–	–
93	CFA 93 Carroll Financial Associates Charlotte, North Carolina	$97K	–	–	–
94	PMFA 94 Plante Moran Financial Advisors Southfield, Michigan	$86K	+$85.1K	+4,390	New
95	WEC 95 Winslow Evans & Crocker Boston, Massachusetts	$59K	–	–	–
96	CPIG 96 Chicago Partners Investment Group Chicago, Illinois	$57K	+$56.2K	+2,899	New
97	FMII 97 Farmers & Merchants Investments Inc Lincoln, Nebraska	$49K	+$48.5K	+2,500	New
98	98 Citigroup New York	$31K	+$174	+9	+0.6%
99	BRC 99 Bell Rock Capital Rehoboth Beach, Delaware	$20K	+$19.4K	+1,000	New
100	IP 100 Intellectus Partners San Francisco, California	$18K	–	–	–

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