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.
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: 387 → 404 (+17)
10% less funds holding in top 10
Funds holding in top 10: 21 → 19 (-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
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$691M |
| 2 |
Jane Street
New York
|
+$67.1M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$45.6M |
| 4 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
+$31.6M |
| 5 |
Renaissance Technologies
New York
|
+$28.4M |
Top Sellers
| 1 |
BFG
Berger Financial Group
Plymouth,
Minnesota
|
-$23.8M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$19.8M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$19.4M |
| 4 |
LPL Financial
San Diego,
California
|
-$9.75M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$7.83M |
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.