First Trust Preferred Securities and Income ETF
60 hedge funds and large institutions have $333M invested in First Trust Preferred Securities and Income ETF in 2015 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 29 increasing their positions, 8 reducing their positions, and 11 closing their positions.
263% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 8
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
62% more capital invested
Capital invested by funds: $205M → $333M (+$128M)
13% more funds holding
Funds holding: 53 → 60 (+7)
0.56% more ownership
Funds ownership: 56.66% → 57.22% (+0.56%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$48.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$30.2M |
| 3 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$22.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$8.12M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$13.4M |
| 2 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$6.26M |
| 3 |
Jane Street
New York
|
-$1.98M |
| 4 |
ACM
Argentus Capital Management
Dallas,
Texas
|
-$1.11M |
| 5 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$922K |
FPE Hedge Fund Activity: Q4 2015 in Review
60 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2015, worth a combined $333M — up 62% from $205M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FPE positions and 11 closed out — a net gain of 8 holders — while 29 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $48.6M. The largest seller was Miracle Mile Advisors, exiting entirely with an estimated $13.4M sold.
- 60 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2015, up from 53 in Q3 2015.
- Funds reported $333M of First Trust Preferred Securities and Income ETF stock for Q4 2015, up 62% quarter-over-quarter.
- 19 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2015 and 11 closed out, a net change of +8 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q4 2015 was Morgan Stanley, an estimated $48.6M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q4 2015 was Miracle Mile Advisors, an estimated $13.4M sold.
Based on aggregated 13F filings for Q4 2015.