First Trust Preferred Securities and Income ETF
405 hedge funds and large institutions have $3.34B invested in First Trust Preferred Securities and Income ETF in 2023 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 125 increasing their positions, 174 reducing their positions, and 36 closing their positions.
64% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 36
8% more capital invested
Capital invested by funds: $3.08B → $3.34B (+$259M)
5% more funds holding
Funds holding: 386 → 405 (+19)
3.37% more ownership
Funds ownership: 59.91% → 63.28% (+3.4%)
10% less funds holding in top 10
Funds holding in top 10: 21 → 19 (-2)
28% less repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 174
37% less call options, than puts
Call options by funds: $266K | Put options by funds: $422K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$67.1M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$45.6M |
| 3 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
+$31.6M |
| 4 |
Renaissance Technologies
New York
|
+$28.4M |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$27.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$69.4M |
| 2 |
BFG
Berger Financial Group
Plymouth,
Minnesota
|
-$23.8M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$19.8M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$19.4M |
| 5 |
LPL Financial
San Diego,
California
|
-$9.75M |
FPE Hedge Fund Activity: Q4 2023 in Review
405 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2023, worth a combined $3.34B — up 8.4% from $3.08B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new FPE positions and 36 closed out — a net gain of 23 holders — while 125 added to existing stakes and 174 trimmed.
The largest buyer was Jane Street, adding an estimated $67.1M. The largest seller was Morgan Stanley, cutting an estimated $69.4M.
- 405 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2023, up from 386 in Q3 2023.
- Funds reported $3.34B of First Trust Preferred Securities and Income ETF stock for Q4 2023, up 8.4% quarter-over-quarter.
- 59 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2023 and 36 closed out, a net change of +23 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q4 2023 was Jane Street, an estimated $67.1M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q4 2023 was Morgan Stanley, an estimated $69.4M sold.
Based on aggregated 13F filings for Q4 2023.