First Trust Preferred Securities and Income ETF
FPE
20 hedge funds and large institutions have $26.5M invested in First Trust Preferred Securities and Income ETF in 2013 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
33% more funds holding
Funds holding: 15 → 20 (+5)
3.61% less ownership
Funds ownership: 43.77% → 40.17% (-3.6%)
20% less capital invested
Capital invested by funds: $33M → $26.5M (-$6.54M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.93M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$372K |
| 3 |
BAS
Brown Advisory Securities
Baltimore,
Maryland
|
+$187K |
| 4 |
LPL Financial
San Diego,
California
|
+$77.6K |
| 5 |
KIG
Kessler Investment Group
Columbus,
Indiana
|
+$60.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.09M |
| 2 |
TT
Tower Trust
Fort Wayne,
Indiana
|
-$310K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$56K |
| 4 |
AIM
Aspen Investment Management
Grand Rapids,
Michigan
|
-$51.6K |
FPE Hedge Fund Activity: Q3 2013 in Review
20 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2013, worth a combined $26.5M — down 20% from $33M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FPE positions and 0 closed out — a net gain of 5 holders — while 9 added to existing stakes and 4 trimmed.
The largest buyer was Bank of America, adding an estimated $1.93M. The largest seller was Morgan Stanley, cutting an estimated $7.09M.
- 20 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2013, up from 15 in Q2 2013.
- Funds reported $26.5M of First Trust Preferred Securities and Income ETF stock for Q3 2013, down 20% quarter-over-quarter.
- 5 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2013 and 0 closed out, a net change of +5 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2013 was Bank of America, an estimated $1.93M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2013 was Morgan Stanley, an estimated $7.09M sold.
Based on aggregated 13F filings for Q3 2013.