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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
US Bancorp
201
US Bancorp
Minnesota
$802K -$156K -9,680 -17%
ASN
202
Advisory Services Network
Georgia
$801K -$4.77M -295,617 -86%
CCG
203
Cypress Capital Group
Florida
$779K -$104K -6,430 -12%
MA
204
MJP Associates
Connecticut
$752K +$117K +7,234 +19%
UB
205
UMB Bank
Missouri
$750K -$21.8K -1,352 -3%
SIA
206
Soltis Investment Advisors
Utah
$737K -$49.1K -3,043 -7%
RJT
207
Raymond James Trust
Florida
$728K -$384K -23,815 -36%
RFWA
208
RPg Family Wealth Advisory
Massachusetts
$726K -$10K -620 -1%
KIA
209
Kraematon Investment Advisors
Massachusetts
$721K +$41.6K +2,578 +6%
SRC
210
Shufro Rose & Co
New York
$690K
OIM
211
Oder Investment Management
California
$682K -$9.42K -584 -1%
PPP
212
Private Portfolio Partners
New Jersey
$674K +$89.1K +5,520 +16%
SC
213
Savant Capital
Illinois
$648K -$489K -30,317 -44%
LI
214
LVZ Inc
Michigan
$644K -$262K -16,271 -30%
MA
215
Mutual Advisors
Nebraska
$631K -$38.8K -2,406 -6%
MPCG
216
Matrix Private Capital Group
New York
$628K +$48.4K +3,000 +9%
NW
217
NewEdge Wealth
Pennsylvania
$627K
TA
218
TrueWealth Advisors
Alabama
$618K -$243K -15,079 -29%
MFP
219
Meridian Financial Partners
Virginia
$615K -$132K -8,169 -18%
TLA
220
Tanglewood Legacy Advisors
Texas
$611K +$263K +16,300 +82%
AF
221
Allworth Financial
California
$609K +$6.5K +403 +1%
SWM
222
Stockman Wealth Management
Montana
$601K +$30.3K +1,877 +6%
IA
223
IFG Advisory
Georgia
$581K +$50.9K +3,156 +10%
LFAS
224
Level Four Advisory Services
Texas
$559K +$535K +33,151 New
AAS
225
Ameritas Advisory Services
Nebraska
$548K -$747K -46,286 -59%

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.