First Trust Preferred Securities and Income ETF
204 hedge funds and large institutions have $1.6B invested in First Trust Preferred Securities and Income ETF in 2018 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 79 increasing their positions, 60 reducing their positions, and 19 closing their positions.
95% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 19
32% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 60
9% more funds holding
Funds holding: 187 → 204 (+17)
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
4% more capital invested
Capital invested by funds: $1.54B → $1.6B (+$66.5M)
0.41% more ownership
Funds ownership: 44.31% → 44.72% (+0.41%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$22M |
| 2 |
HWA
HCR Wealth Advisors
Los Angeles,
California
|
+$21.7M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$12.6M |
| 4 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$12.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$5.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFG
Beacon Financial Group
Dallas,
Texas
|
-$19.2M |
| 2 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$11.9M |
| 3 |
LI
LVZ Inc
Holland,
Michigan
|
-$10.9M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$10M |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$5.46M |
FPE Hedge Fund Activity: Q3 2018 in Review
204 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2018, worth a combined $1.6B — up 4.3% from $1.54B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FPE positions and 19 closed out — a net gain of 18 holders — while 79 added to existing stakes and 60 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $22M. The largest seller was Beacon Financial Group, cutting an estimated $19.2M.
- 204 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2018, up from 187 in Q2 2018.
- Funds reported $1.6B of First Trust Preferred Securities and Income ETF stock for Q3 2018, up 4.3% quarter-over-quarter.
- 37 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2018 and 19 closed out, a net change of +18 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2018 was Royal Bank of Canada, an estimated $22M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2018 was Beacon Financial Group, an estimated $19.2M sold.
Based on aggregated 13F filings for Q3 2018.