First Trust Preferred Securities and Income ETF
108 hedge funds and large institutions have $872M invested in First Trust Preferred Securities and Income ETF in 2017 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 51 increasing their positions, 21 reducing their positions, and 13 closing their positions.
143% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 21
85% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 13
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
15% more capital invested
Capital invested by funds: $758M → $872M (+$113M)
9% more funds holding
Funds holding: 99 → 108 (+9)
2.49% less ownership
Funds ownership: 50.47% → 47.98% (-2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$54.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$14.1M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$6.38M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5.71M |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$5.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWA
HCR Wealth Advisors
Los Angeles,
California
|
-$20.7M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$2.6M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.79M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
-$1.51M |
| 5 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$1.49M |
FPE Hedge Fund Activity: Q1 2017 in Review
108 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2017, worth a combined $872M — up 15% from $758M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FPE positions and 13 closed out — a net gain of 11 holders — while 51 added to existing stakes and 21 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $54.2M. The largest seller was HCR Wealth Advisors, exiting entirely with an estimated $20.7M sold.
- 108 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2017, up from 99 in Q4 2016.
- Funds reported $872M of First Trust Preferred Securities and Income ETF stock for Q1 2017, up 15% quarter-over-quarter.
- 24 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2017 and 13 closed out, a net change of +11 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q1 2017 was Morgan Stanley, an estimated $54.2M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q1 2017 was HCR Wealth Advisors, an estimated $20.7M sold.
Based on aggregated 13F filings for Q1 2017.