First Trust Preferred Securities and Income ETF
406 hedge funds and large institutions have $3.26B invested in First Trust Preferred Securities and Income ETF in 2024 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 163 increasing their positions, 141 reducing their positions, and 38 closing their positions.
16% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 38
16% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 141
0% more funds holding
Funds holding: 405 → 406 (+1)
0% more funds holding in top 10
Funds holding in top 10: 19 → 19 (0)
2% less capital invested
Capital invested by funds: $3.34B → $3.26B (-$81.1M)
1.79% less ownership
Funds ownership: 63.28% → 61.49% (-1.8%)
90% less call options, than puts
Call options by funds: $35K | Put options by funds: $348K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$14.2M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$12.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$12M |
| 4 |
WA
Waverly Advisors
Birmingham,
Alabama
|
+$11.5M |
| 5 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
+$10.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$81.8M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$47.8M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$35.3M |
| 4 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
-$30.6M |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$29.1M |
FPE Hedge Fund Activity: Q1 2024 in Review
406 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2024, worth a combined $3.26B — down 2.4% from $3.34B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new FPE positions and 38 closed out — a net gain of 6 holders — while 163 added to existing stakes and 141 trimmed.
The largest buyer was UBS Group, adding an estimated $14.2M. The largest seller was Jane Street, cutting an estimated $81.8M.
- 406 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2024, up from 405 in Q4 2023.
- Funds reported $3.26B of First Trust Preferred Securities and Income ETF stock for Q1 2024, down 2.4% quarter-over-quarter.
- 44 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2024 and 38 closed out, a net change of +6 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q1 2024 was UBS Group, an estimated $14.2M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q1 2024 was Jane Street, an estimated $81.8M sold.
Based on aggregated 13F filings for Q1 2024.