First Trust Preferred Securities and Income ETF
89 hedge funds and large institutions have $648M invested in First Trust Preferred Securities and Income ETF in 2016 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 39 increasing their positions, 17 reducing their positions, and 7 closing their positions.
229% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 7
129% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 17
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
35% more capital invested
Capital invested by funds: $480M → $648M (+$168M)
19% more funds holding
Funds holding: 75 → 89 (+14)
0.32% more ownership
Funds ownership: 52.15% → 52.47% (+0.32%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$41.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$26.1M |
| 3 |
BFG
Beacon Financial Group
Dallas,
Texas
|
+$15.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$14.8M |
| 5 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$6.28M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.74M |
| 3 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$1.38M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$1.07M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$902K |
FPE Hedge Fund Activity: Q3 2016 in Review
89 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2016, worth a combined $648M — up 35% from $480M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FPE positions and 7 closed out — a net gain of 16 holders — while 39 added to existing stakes and 17 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $41.1M. The largest seller was Envestnet Asset Management, cutting an estimated $6.28M.
- 89 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2016, up from 75 in Q2 2016.
- Funds reported $648M of First Trust Preferred Securities and Income ETF stock for Q3 2016, up 35% quarter-over-quarter.
- 23 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2016 and 7 closed out, a net change of +16 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2016 was Morgan Stanley, an estimated $41.1M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2016 was Envestnet Asset Management, an estimated $6.28M sold.
Based on aggregated 13F filings for Q3 2016.