First Trust Preferred Securities and Income ETF
208 hedge funds and large institutions have $1.64B invested in First Trust Preferred Securities and Income ETF in 2018 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 89 increasing their positions, 48 reducing their positions, and 17 closing their positions.
171% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 17
85% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 48
23% more funds holding in top 10
Funds holding in top 10: 13 → 16 (+3)
16% more funds holding
Funds holding: 180 → 208 (+28)
8% more capital invested
Capital invested by funds: $1.51B → $1.64B (+$127M)
0.51% more ownership
Funds ownership: 45.88% → 46.39% (+0.51%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFG
CNO Financial Group
Carmel,
Indiana
|
+$39.5M |
| 2 |
Morgan Stanley
New York
|
+$38.9M |
| 3 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$30.7M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$15.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$11.3M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$6.82M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$5.66M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$3.12M |
| 5 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$2.98M |
FPE Hedge Fund Activity: Q1 2018 in Review
208 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2018, worth a combined $1.64B — up 8.4% from $1.51B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new FPE positions and 17 closed out — a net gain of 29 holders — while 89 added to existing stakes and 48 trimmed.
The largest buyer was CNO Financial Group, opening a new position worth an estimated $39.5M. The largest seller was Brookstone Capital Management, exiting entirely with an estimated $11.3M sold.
- 208 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2018, up from 180 in Q4 2017.
- Funds reported $1.64B of First Trust Preferred Securities and Income ETF stock for Q1 2018, up 8.4% quarter-over-quarter.
- 46 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2018 and 17 closed out, a net change of +29 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q1 2018 was CNO Financial Group, an estimated $39.5M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q1 2018 was Brookstone Capital Management, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2018.