First Trust Preferred Securities and Income ETF
233 hedge funds and large institutions have $1.35B invested in First Trust Preferred Securities and Income ETF in 2018 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 59 increasing their positions, 81 reducing their positions, and 33 closing their positions.
97% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 33
31% more funds holding in top 10
Funds holding in top 10: 13 → 17 (+4)
14% more funds holding
Funds holding: 204 → 233 (+29)
1.1% less ownership
Funds ownership: 44.72% → 43.62% (-1.1%)
16% less capital invested
Capital invested by funds: $1.6B → $1.35B (-$249M)
27% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 81
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAP
Milestone Advisory Partners
Southern Pines,
North Carolina
|
+$21.7M |
| 2 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$17.1M |
| 3 |
BFG
Beacon Financial Group
Dallas,
Texas
|
+$12.6M |
| 4 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$9.93M |
| 5 |
Jane Street
New York
|
+$8.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$100M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$31.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$24.5M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$21.9M |
| 5 |
LPL Financial
San Diego,
California
|
-$16.3M |
FPE Hedge Fund Activity: Q4 2018 in Review
233 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2018, worth a combined $1.35B — down 16% from $1.6B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new FPE positions and 33 closed out — a net gain of 32 holders — while 59 added to existing stakes and 81 trimmed.
The largest buyer was Milestone Advisory Partners, opening a new position worth an estimated $21.7M. The largest seller was Morgan Stanley, cutting an estimated $100M.
- 233 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2018, up from 204 in Q3 2018.
- Funds reported $1.35B of First Trust Preferred Securities and Income ETF stock for Q4 2018, down 16% quarter-over-quarter.
- 65 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2018 and 33 closed out, a net change of +32 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q4 2018 was Milestone Advisory Partners, an estimated $21.7M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q4 2018 was Morgan Stanley, an estimated $100M sold.
Based on aggregated 13F filings for Q4 2018.