First Trust Preferred Securities and Income ETF
244 hedge funds and large institutions have $1.83B invested in First Trust Preferred Securities and Income ETF in 2019 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 111 increasing their positions, 58 reducing their positions, and 25 closing their positions.
91% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 58
68% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 25
20% more capital invested
Capital invested by funds: $1.53B → $1.83B (+$306M)
20% more funds holding in top 10
Funds holding in top 10: 15 → 18 (+3)
5% more funds holding
Funds holding: 233 → 244 (+11)
2.92% more ownership
Funds ownership: 45.76% → 48.67% (+2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$80.4M |
| 2 |
Morgan Stanley
New York
|
+$39.6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$35.5M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$17.2M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$14.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWA
HCR Wealth Advisors
Los Angeles,
California
|
-$9.89M |
| 2 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$2.94M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.83M |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$1.77M |
| 5 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
-$1.68M |
FPE Hedge Fund Activity: Q2 2019 in Review
244 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2019, worth a combined $1.83B — up 20% from $1.53B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new FPE positions and 25 closed out — a net gain of 17 holders — while 111 added to existing stakes and 58 trimmed.
The largest buyer was Eaton Vance Management, opening a new position worth an estimated $80.4M. The largest seller was HCR Wealth Advisors, cutting an estimated $9.89M.
- 244 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2019, up from 233 in Q1 2019.
- Funds reported $1.83B of First Trust Preferred Securities and Income ETF stock for Q2 2019, up 20% quarter-over-quarter.
- 42 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2019 and 25 closed out, a net change of +17 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q2 2019 was Eaton Vance Management, an estimated $80.4M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q2 2019 was HCR Wealth Advisors, an estimated $9.89M sold.
Based on aggregated 13F filings for Q2 2019.