First Trust Preferred Securities and Income ETF
98 hedge funds and large institutions have $758M invested in First Trust Preferred Securities and Income ETF in 2016 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 46 increasing their positions, 21 reducing their positions, and 13 closing their positions.
119% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 21
92% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 13
17% more capital invested
Capital invested by funds: $647M → $758M (+$111M)
11% more funds holding
Funds holding: 88 → 98 (+10)
1.99% less ownership
Funds ownership: 52.41% → 50.42% (-2%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$45.4M |
| 2 |
Morgan Stanley
New York
|
+$40.6M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$15.2M |
| 4 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$8.25M |
| 5 |
LPL Financial
San Diego,
California
|
+$6.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$20.8M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$7.88M |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
-$4.15M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$4.04M |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$1.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
101
Argentus Capital Management
Dallas,
Texas
| – | -$1.08M | -55,196 | Closed |
|
|
CWM
102
Concert Wealth Management
San Jose,
California
| – | -$455K | -23,224 | Closed |
|
103
SG Americas Securities
New York
| – | -$301K | -15,389 | Closed |
|
|
BCM
104
Beck Capital Management
Austin,
Texas
| – | -$284K | -14,525 | Closed |
|
|
PAG
105
Private Advisor Group
Morristown,
New Jersey
| – | -$243K | -12,427 | Closed |
|
106
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$228K | -11,621 | Closed |
|
|
FANJ
107
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$36K | -1,850 | Closed |
|
108
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$31K | -1,603 | Closed |
|
109
Creative Planning
Overland Park,
Kansas
| – | -$26K | -1,315 | Closed |
|
|
JFA
110
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$4K | -182 | Closed |
|
|
S
111
SignatureFD
Atlanta,
Georgia
| – | -$4K | -182 | Closed |
|
FPE Hedge Fund Activity: Q4 2016 in Review
98 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2016, worth a combined $758M — up 17% from $647M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FPE positions and 13 closed out — a net gain of 12 holders — while 46 added to existing stakes and 21 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $45.4M. The largest seller was Brookstone Capital Management, exiting entirely with an estimated $20.8M sold.
- 98 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2016, up from 88 in Q3 2016.
- Funds reported $758M of First Trust Preferred Securities and Income ETF stock for Q4 2016, up 17% quarter-over-quarter.
- 25 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2016 and 13 closed out, a net change of +12 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q4 2016 was Royal Bank of Canada, an estimated $45.4M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q4 2016 was Brookstone Capital Management, an estimated $20.8M sold.
Based on aggregated 13F filings for Q4 2016.