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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 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

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: 12 (+1)

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

63% more capital invested

Capital invested by funds: $205M → $333M (+$128M)

15% more funds holding

Funds holding: 5260 (+8)

0.66% more ownership

Funds ownership: 56.56%57.22% (+0.66%)

Holders
60
Holders Change
+8
Holders Change %
+15.38%
% of All Funds
1.57%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
19
Increased
29
Reduced
8
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$118M +$48.6M +2,565,533 +70%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$41.1M +$6.54M +345,156 +19%
LPL Financial
3
LPL Financial
California
$36.4M +$30.2M +1,593,105 +496%
UBS Group
4
UBS Group
Switzerland
$28.6M +$5.36M +282,890 +23%
BCM
5
Brookstone Capital Management
Illinois
$22.4M +$22.4M +1,183,068 New
Bank of America
6
Bank of America
North Carolina
$19.7M +$8.12M +428,608 +70%
TFA
7
Transamerica Financial Advisors
Florida
$5.63M +$820K +43,298 +17%
RJA
8
Raymond James & Associates
Florida
$5.58M +$4.24M +224,037 +317%
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$5.12M +$1.57M +82,911 +44%
VFS
10
VSR Financial Services
Kansas
$4.92M +$4.92M +259,751 New
Stifel Financial
11
Stifel Financial
Missouri
$4.54M +$3.7M +195,424 +442%
First Trust Advisors
12
First Trust Advisors
Illinois
$4.01M -$271K -14,310 -6%
AIG
13
American International Group
New York
$3.63M +$630K +33,279 +21%
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$2.87M +$2.87M +151,601 New
RJFSA
15
Raymond James Financial Services Advisors
Florida
$2.45M +$1.2M +63,307 +96%
AIM
16
Aspen Investment Management
Michigan
$2.43M +$1.43M +75,345 +142%
HFS
17
HL Financial Services
Kentucky
$2.14M -$99.1K -5,232 -4%
MFS
18
MSI Financial Services
Massachusetts
$1.8M +$1.04M +54,954 +137%
FHC
19
First Heartland Consultants
Missouri
$1.59M +$970K +51,199 +157%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$1.57M +$488K +25,766 +45%
ACM
21
Argentus Capital Management
Texas
$1.45M -$1.11M -58,801 -44%
LTFS
22
Ladenburg Thalmann Financial Services
Florida
$1.21M +$727K +38,366 +151%
Wells Fargo
23
Wells Fargo
California
$1.03M +$1.03M +54,123 +37,071%
SAM
24
Stringer Asset Management
Tennessee
$1.02M +$1.02M +54,079 New
Janney Montgomery Scott
25
Janney Montgomery Scott
Pennsylvania
$1.02M +$364K +19,230 +55%

FPE Hedge Fund Activity: Q4 2015 in Review

60 of the 3,812 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 63% from $205M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FPE positions and 10 closed out — a net gain of 9 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 52 in Q3 2015.
  • Funds reported $333M of First Trust Preferred Securities and Income ETF stock for Q4 2015, up 63% quarter-over-quarter.
  • 19 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2015 and 10 closed out, a net change of +9 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.