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First Trust Preferred Securities and Income ETF

404 hedge funds and large institutions have $4.13B invested in First Trust Preferred Securities and Income ETF in 2023 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 127 increasing their positions, 173 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 36

34% more capital invested

Capital invested by funds: $3.08B → $4.13B (+$1.05B)

18.25% more ownership

Funds ownership: 59.91%78.16% (+18%)

4% more funds holding

Funds holding: 387404 (+17)

10% less funds holding in top 10

Funds holding in top 10: 2119 (-2)

27% less repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 173

37% less call options, than puts

Call options by funds: $266K | Put options by funds: $422K

Holders
404
Holders Change
+17
Holders Change %
+4.39%
% of All Funds
5.89%
Holding in Top 10
19
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.52%
% of All Funds
0.28%
New
57
Increased
127
Reduced
173
Closed
36
Calls
$266K
Puts
$422K
Net Calls
-$156K
Net Calls Change
-$269K
Name Holding Trade Value Shares
Change
Change in
Stake
AIM
101
Aspen Investment Management
Michigan
$3.6M -$69.1K -4,284 -2%
IAS
102
IMA Advisory Services
Colorado
$3.5M -$161K -9,953 -5%
DADC
103
D.A. Davidson & Co
Montana
$3.38M -$1.75M -108,381 -35%
AP
104
Agilis Partners
Massachusetts
$3.34M +$34.4K +2,135 +1%
HFS
105
Howard Financial Services
Texas
$3.32M +$693K +42,945 +28%
FZCM
106
Flynn Zito Capital Management
New York
$3.21M -$1.6M -99,167 -34%
CIA
107
Concurrent Investment Advisors
Florida
$3.18M +$3.04M +188,322 New
EWA
108
Etesian Wealth Advisors
Oregon
$3.15M -$204K -12,669 -6%
NW
109
Naviter Wealth
Arkansas
$3.11M -$198K -12,274 -6%
HCM
110
Hudson Capital Management
New Jersey
$3.07M +$2.68M +165,852 +1,025%
SPIA
111
Steward Partners Investment Advisory
New York
$3.06M -$1.7M -105,685 -37%
KA
112
Kovack Advisors
Florida
$2.95M +$23K +1,428 +0.8%
IWA
113
Icon Wealth Advisors
Texas
$2.87M +$2.74M +169,956 New
CHC
114
City Holding Co
West Virginia
$2.85M -$117K -7,235 -4%
PAS
115
Park Avenue Securities
New York
$2.82M +$196K +12,130 +8%
IA
116
IFP Advisors
Florida
$2.77M -$306K -18,953 -10%
IWM
117
IHT Wealth Management
Illinois
$2.71M -$172K -10,672 -6%
AWS
118
Atria Wealth Solutions
New York
$2.67M -$98.5K -6,106 -4%
TFA
119
Toth Financial Advisory
Virginia
$2.55M +$8.32K +516 +0.3%
BCP
120
Blackhawk Capital Partners
Wisconsin
$2.53M +$1.45M +90,100 +151%
EDRIA
121
Edmonds Duncan Registered Investment Advisors
Kansas
$2.51M -$18.8K -1,164 -0.8%
BFG
122
Beacon Financial Group
Texas
$2.49M +$2.38M +147,709 New
BPA
123
Beacon Pointe Advisors
California
$2.35M -$692K -42,896 -24%
1IA
124
1834 Investment Advisors
Wisconsin
$2.28M -$606K -37,571 -22%
WAM
125
Walker Asset Management
Missouri
$2.28M -$91.8K -5,692 -4%

FPE Hedge Fund Activity: Q4 2023 in Review

404 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2023, worth a combined $4.13B — up 34% from $3.08B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new FPE positions and 36 closed out — a net gain of 21 holders — while 127 added to existing stakes and 173 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $691M. The largest seller was Berger Financial Group, cutting an estimated $23.8M.

  • 404 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2023, up from 387 in Q3 2023.
  • Funds reported $4.13B of First Trust Preferred Securities and Income ETF stock for Q4 2023, up 34% quarter-over-quarter.
  • 57 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2023 and 36 closed out, a net change of +21 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q4 2023 was Morgan Stanley, an estimated $691M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q4 2023 was Berger Financial Group, an estimated $23.8M sold.

Based on aggregated 13F filings for Q4 2023.