First Trust Preferred Securities and Income ETF
397 hedge funds and large institutions have $3.15B invested in First Trust Preferred Securities and Income ETF in 2023 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 138 increasing their positions, 162 reducing their positions, and 40 closing their positions.
268% more call options, than puts
Call options by funds: $125K | Put options by funds: $34K
16% more funds holding in top 10
Funds holding in top 10: 19 → 22 (+3)
13% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 40
1.82% more ownership
Funds ownership: 57.67% → 59.49% (+1.8%)
1% more capital invested
Capital invested by funds: $3.1B → $3.15B (+$45.7M)
0% more funds holding
Funds holding: 397 → 397 (0)
15% less repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 162
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$39M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$19.2M |
| 3 |
LPL Financial
San Diego,
California
|
+$16M |
| 4 |
PG
Prostatis Group
Hanover,
Maryland
|
+$15.3M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
-$30.7M |
| 2 |
Morgan Stanley
New York
|
-$14.9M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$13.8M |
| 4 |
BFG
Bouchey Financial Group
Troy,
New York
|
-$12.3M |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$10.7M |
FPE Hedge Fund Activity: Q2 2023 in Review
397 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2023, worth a combined $3.15B — up 1.5% from $3.1B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new FPE positions and 40 closed out — a net gain of 5 holders — while 138 added to existing stakes and 162 trimmed.
The largest buyer was Jane Street, adding an estimated $39M. The largest seller was State of Tennessee, Department of Treasury, cutting an estimated $30.7M.
- 397 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $3.15B of First Trust Preferred Securities and Income ETF stock for Q2 2023, up 1.5% quarter-over-quarter.
- 45 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2023 and 40 closed out, a net change of +5 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q2 2023 was Jane Street, an estimated $39M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q2 2023 was State of Tennessee, Department of Treasury, an estimated $30.7M sold.
Based on aggregated 13F filings for Q2 2023.