First Trust Preferred Securities and Income ETF
305 hedge funds and large institutions have $2.59B invested in First Trust Preferred Securities and Income ETF in 2020 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 115 increasing their positions, 101 reducing their positions, and 38 closing their positions.
128% more capital inflows, than outflows
Capital inflows: $273M | Capital outflows: $120M
21% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 38
14% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 101
2% more funds holding
Funds holding: 300 → 305 (+5)
1.11% more ownership
Funds ownership: 50.4% → 51.51% (+1.1%)
9% less funds holding in top 10
Funds holding in top 10: 23 → 21 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grimes & Company
Westborough,
Massachusetts
|
+$65.1M |
| 2 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$61M |
| 3 |
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
+$9.6M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$9.6M |
| 5 |
Morgan Stanley
New York
|
+$8.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Eaton Vance Management
Boston,
Massachusetts
|
-$38M |
| 2 |
American Financial Advisors
Marietta,
Georgia
|
-$10.7M |
| 3 |
Gradient Investments
Arden Hills,
Minnesota
|
-$5.03M |
| 4 |
B. Riley Wealth Management
Memphis,
Tennessee
|
-$4.32M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$4.26M |
FPE Hedge Fund Activity: Q2 2020 in Review
305 of the 4,890 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2020, worth a combined $2.59B — up 19% from $2.18B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new FPE positions and 38 closed out — a net gain of 8 holders — while 115 added to existing stakes and 101 trimmed.
The largest buyer was Grimes & Company, opening a new position worth an estimated $65.1M. The largest seller was Eaton Vance Management, cutting an estimated $38M.
- 305 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2020, up from 300 in Q1 2020.
- Funds reported $2.59B of First Trust Preferred Securities and Income ETF stock for Q2 2020, up 19% quarter-over-quarter.
- 46 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2020 and 38 closed out, a net change of +8 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q2 2020 was Grimes & Company, an estimated $65.1M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q2 2020 was Eaton Vance Management, an estimated $38M sold.
Based on aggregated 13F filings for Q2 2020.