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First Trust Preferred Securities and Income ETF

208 hedge funds and large institutions have $1.64B invested in First Trust Preferred Securities and Income ETF in 2018 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 89 increasing their positions, 48 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 17

85% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 48

23% more funds holding in top 10

Funds holding in top 10: 1316 (+3)

16% more funds holding

Funds holding: 180208 (+28)

8% more capital invested

Capital invested by funds: $1.51B → $1.64B (+$127M)

0.51% more ownership

Funds ownership: 45.88%46.39% (+0.51%)

Holders
208
Holders Change
+28
Holders Change %
+15.56%
% of All Funds
4.77%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.37%
New
46
Increased
89
Reduced
48
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$523M +$38.9M +1,968,518 +8%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$159M +$15.4M +777,794 +11%
UBS Group
3
UBS Group
Switzerland
$123M +$2.25M +113,806 +2%
Bank of America
4
Bank of America
North Carolina
$99.5M +$14.5M +733,123 +17%
LPL Financial
5
LPL Financial
California
$66.4M +$8.35M +422,472 +14%
CFG
6
CNO Financial Group
Indiana
$38.9M +$39.5M +2,000,000 New
MMA
7
Miracle Mile Advisors
California
$30.2M +$30.7M +1,553,512 New
HighTower Advisors
8
HighTower Advisors
Illinois
$29.8M +$5.65M +285,955 +23%
RJA
9
Raymond James & Associates
Florida
$29.8M -$1.61M -81,370 -5%
IA
10
IFG Advisory
Georgia
$29.1M +$1.45M +73,523 +12%
ACM
11
Aviance Capital Management
Florida
$29M -$2.98M -150,558 -9%
HWA
12
HCR Wealth Advisors
California
$25.6M +$710K +35,898 +3%
RJFSA
13
Raymond James Financial Services Advisors
Florida
$24.8M +$2.7M +136,788 +12%
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$23.7M +$906K +45,838 +4%
TNBTD
15
Trustmark National Bank Trust Department
Mississippi
$20.1M +$1.16M +58,704 +6%
BFG
16
Beacon Financial Group
Texas
$19.3M +$1.88M +94,854 +11%
FAM
17
Flaharty Asset Management
Florida
$18.7M +$762K +38,534 +4%
QAM
18
QCI Asset Management
New York
$16.1M +$670K +33,895 +4%
BTS
19
BB&T Securities
Virginia
$12.5M -$6.82M -345,005 -35%
LI
20
LVZ Inc
Michigan
$10.8M +$343K +17,330 +3%
First Trust Advisors
21
First Trust Advisors
Illinois
$10.7M -$5.66M -286,221 -34%
LTFS
22
Ladenburg Thalmann Financial Services
Florida
$9.32M +$30.4K +1,540 +0.3%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$9.29M -$116K -5,849 -1%
FAAS
24
First Allied Advisory Services
California
$9.07M +$209K +10,584 +2%
AG
25
Advisor Group
Arizona
$8.74M -$153K -7,751 -2%

FPE Hedge Fund Activity: Q1 2018 in Review

208 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2018, worth a combined $1.64B — up 8.4% from $1.51B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new FPE positions and 17 closed out — a net gain of 29 holders — while 89 added to existing stakes and 48 trimmed.

The largest buyer was CNO Financial Group, opening a new position worth an estimated $39.5M. The largest seller was Brookstone Capital Management, exiting entirely with an estimated $11.3M sold.

  • 208 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2018, up from 180 in Q4 2017.
  • Funds reported $1.64B of First Trust Preferred Securities and Income ETF stock for Q1 2018, up 8.4% quarter-over-quarter.
  • 46 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2018 and 17 closed out, a net change of +29 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q1 2018 was CNO Financial Group, an estimated $39.5M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q1 2018 was Brookstone Capital Management, an estimated $11.3M sold.

Based on aggregated 13F filings for Q1 2018.