First Trust Preferred Securities and Income ETF
386 hedge funds and large institutions have $3.08B invested in First Trust Preferred Securities and Income ETF in 2023 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 138 increasing their positions, 165 reducing their positions, and 41 closing their positions.
0.7% more ownership
Funds ownership: 59.21% → 59.91% (+0.7%)
3% less funds holding
Funds holding: 397 → 386 (-11)
5% less funds holding in top 10
Funds holding in top 10: 22 → 21 (-1)
16% less repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 165
24% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 41
29% less capital inflows, than outflows
Capital inflows: $145M | Capital outflows: $205M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$41.5M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$11.6M |
| 3 |
Ocean Park Asset Management
Santa Monica,
California
|
+$9.5M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.68M |
| 5 |
Mid-American Wealth Advisory Group
Kansas City,
Missouri
|
+$4.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$53M |
| 2 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
-$17M |
| 3 |
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
-$11.4M |
| 4 |
Renaissance Technologies
New York
|
-$8.13M |
| 5 |
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$7.64M |
FPE Hedge Fund Activity: Q3 2023 in Review
386 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2023, worth a combined $3.08B — down 2.2% from $3.15B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of FPE and 31 opened new positions — a net loss of 10 holders — while 165 trimmed existing stakes and 138 added.
The largest buyer was HighTower Advisors, opening a new position worth an estimated $41.5M. The largest seller was Jane Street, cutting an estimated $53M.
- 386 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2023, down from 397 in Q2 2023.
- Funds reported $3.08B of First Trust Preferred Securities and Income ETF stock for Q3 2023, down 2.2% quarter-over-quarter.
- 31 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2023 and 41 closed out, a net change of -10 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2023 was HighTower Advisors, an estimated $41.5M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2023 was Jane Street, an estimated $53M sold.
Based on aggregated 13F filings for Q3 2023.