First Trust Preferred Securities and Income ETF
188 hedge funds and large institutions have $1.55B invested in First Trust Preferred Securities and Income ETF in 2018 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 72 increasing their positions, 61 reducing their positions, and 37 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 61
1.98% less ownership
Funds ownership: 46.39% → 44.41% (-2%)
6% less capital invested
Capital invested by funds: $1.64B → $1.55B (-$90.3M)
10% less funds holding
Funds holding: 208 → 188 (-20)
25% less funds holding in top 10
Funds holding in top 10: 16 → 12 (-4)
49% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$15.7M |
| 2 |
SFWA
Summit Financial Wealth Advisors
Lafayette,
Louisiana
|
+$11.5M |
| 3 |
CTB
Country Trust Bank
Bloomington,
Illinois
|
+$11.2M |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
+$8.66M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$7.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFG
CNO Financial Group
Carmel,
Indiana
|
-$38.9M |
| 2 |
IA
IFG Advisory
Atlanta,
Georgia
|
-$29.1M |
| 3 |
HWA
HCR Wealth Advisors
Los Angeles,
California
|
-$23M |
| 4 |
Morgan Stanley
New York
|
-$19.6M |
| 5 |
TWA
Tillar-Wenstrup Advisors
Centerville,
Ohio
|
-$7.42M |
FPE Hedge Fund Activity: Q2 2018 in Review
188 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2018, worth a combined $1.55B — down 5.5% from $1.64B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of FPE and 19 opened new positions — a net loss of 18 holders — while 61 trimmed existing stakes and 72 added.
The largest buyer was Royal Bank of Canada, adding an estimated $15.7M. The largest seller was CNO Financial Group, exiting entirely with an estimated $38.9M sold.
- 188 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2018, down from 208 in Q1 2018.
- Funds reported $1.55B of First Trust Preferred Securities and Income ETF stock for Q2 2018, down 5.5% quarter-over-quarter.
- 19 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2018 and 37 closed out, a net change of -18 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q2 2018 was Royal Bank of Canada, an estimated $15.7M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q2 2018 was CNO Financial Group, an estimated $38.9M sold.
Based on aggregated 13F filings for Q2 2018.