First Trust Preferred Securities and Income ETF
405 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, 140 reducing their positions, and 38 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 140
16% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 38
0% more funds holding
Funds holding: 404 → 405 (+1)
0% more funds holding in top 10
Funds holding in top 10: 19 → 19 (0)
16.67% less ownership
Funds ownership: 78.16% → 61.49% (-17%)
21% less capital invested
Capital invested by funds: $4.13B → $3.26B (-$873M)
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 |
Morgan Stanley
New York
|
-$800M |
| 2 |
Jane Street
New York
|
-$81.8M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$47.8M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$35.3M |
| 5 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
-$30.6M |
FPE Hedge Fund Activity: Q1 2024 in Review
405 of the 6,942 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 21% from $4.13B 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 140 trimmed.
The largest buyer was UBS Group, adding an estimated $14.2M. The largest seller was Morgan Stanley, cutting an estimated $800M.
- 405 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2024, up from 404 in Q4 2023.
- Funds reported $3.26B of First Trust Preferred Securities and Income ETF stock for Q1 2024, down 21% 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 Morgan Stanley, an estimated $800M sold.
Based on aggregated 13F filings for Q1 2024.