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First Trust Preferred Securities and Income ETF

74 hedge funds and large institutions have $477M invested in First Trust Preferred Securities and Income ETF in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 43 increasing their positions, 11 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

291% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 11

8% more capital invested

Capital invested by funds: $442M → $477M (+$34.7M)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

1% less funds holding

Funds holding: 7574 (-1)

6.67% less ownership

Funds ownership: 58.78%52.12% (-6.7%)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
74
Holders Change
-1
Holders Change %
-1.33%
% of All Funds
1.97%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
13
Increased
43
Reduced
11
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$186M +$25M +1,320,593 +16%
UBS Group
2
UBS Group
Switzerland
$41.6M +$9.12M +481,457 +28%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$36.7M -$6.43M -339,201 -15%
Bank of America
4
Bank of America
North Carolina
$35.5M +$5.35M +282,618 +18%
MMA
5
Miracle Mile Advisors
California
$29.1M +$3.35M +176,701 +13%
LPL Financial
6
LPL Financial
California
$25.2M -$19.9M -1,052,471 -44%
BCM
7
Brookstone Capital Management
Illinois
$21.6M +$3.32M +175,163 +18%
HighTower Advisors
8
HighTower Advisors
Illinois
$12.1M +$6.91M +364,548 +135%
RJA
9
Raymond James & Associates
Florida
$9.62M +$1.18M +62,255 +14%
Envestnet Asset Management
10
Envestnet Asset Management
Illinois
$7.1M +$164K +8,655 +2%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$7.07M +$1.33M +70,134 +23%
AG
12
Advisor Group
Arizona
$7.06M +$7.04M +371,503 New
Stifel Financial
13
Stifel Financial
Missouri
$6.33M +$1.73M +91,218 +38%
MFS
14
MSI Financial Services
Massachusetts
$3.38M +$5.19K +274 +0.2%
VFS
15
VSR Financial Services
Kansas
$3.16M -$2.59M -136,659 -45%
WFG
16
Wills Financial Group
Virginia
$2.79M +$315K +16,612 +13%
First Trust Advisors
17
First Trust Advisors
Illinois
$2.61M +$228K +12,031 +10%
AIM
18
Aspen Investment Management
Michigan
$2.58M +$119K +6,299 +5%
Jane Street
19
Jane Street
New York
$2.57M +$1.72M +90,623 +203%
FAAS
20
First Allied Advisory Services
California
$2.23M +$728K +38,423 +49%
Baird Financial Group
21
Baird Financial Group
Wisconsin
$2.08M +$773K +40,818 +60%
HFS
22
HL Financial Services
Kentucky
$2.02M -$90.7K -4,787 -4%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$1.96M +$33K +1,744 +2%
Susquehanna International Group
24
Susquehanna International Group
Pennsylvania
$1.74M +$1.4M +73,988 +427%
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$1.47M +$426K +22,477 +41%

FPE Hedge Fund Activity: Q2 2016 in Review

74 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2016, worth a combined $477M — up 7.9% from $442M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FPE positions and 12 closed out — a net gain of 1 holder — while 43 added to existing stakes and 11 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $25M. The largest seller was LPL Financial, cutting an estimated $19.9M.

  • 74 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2016, down from 75 in Q1 2016.
  • Funds reported $477M of First Trust Preferred Securities and Income ETF stock for Q2 2016, up 7.9% quarter-over-quarter.
  • 13 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2016 and 12 closed out, a net change of +1 holder.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q2 2016 was Morgan Stanley, an estimated $25M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q2 2016 was LPL Financial, an estimated $19.9M sold.

Based on aggregated 13F filings for Q2 2016.