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First Trust Preferred Securities and Income ETF

413 hedge funds and large institutions have $3.51B invested in First Trust Preferred Securities and Income ETF in 2024 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 175 increasing their positions, 136 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 36

29% more repeat investments, than reductions

Existing positions increased: 175 | Existing positions reduced: 136

8% more capital invested

Capital invested by funds: $3.24B → $3.51B (+$270M)

2% more funds holding

Funds holding: 405413 (+8)

0.94% more ownership

Funds ownership: 61.65%62.59% (+0.94%)

11% less funds holding in top 10

Funds holding in top 10: 1917 (-2)

Holders
413
Holders Change
+8
Holders Change %
+1.98%
% of All Funds
5.93%
Holding in Top 10
17
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-10.53%
% of All Funds
0.24%
New
47
Increased
175
Reduced
136
Closed
36
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$883M +$28.8M +1,623,129 +3%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$299M +$1.77M +100,045 +0.6%
Wells Fargo
3
Wells Fargo
California
$231M +$19M +1,070,806 +9%
LPL Financial
4
LPL Financial
California
$215M +$18.4M +1,035,105 +10%
UBS Group
5
UBS Group
Switzerland
$175M -$18.2M -1,024,226 -10%
Bank of America
6
Bank of America
North Carolina
$112M +$9.48M +534,483 +9%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$99.8M -$663K -37,379 -0.7%
RJA
8
Raymond James & Associates
Florida
$53.9M -$5.84M -329,318 -10%
PNC
9
Park National Corp
Ohio
$53.4M -$4.17M -234,954 -7%
HighTower Advisors
10
HighTower Advisors
Illinois
$49.8M +$2.33M +131,536 +5%
KAS
11
Kestra Advisory Services
Texas
$41.2M +$696K +39,247 +2%
Stifel Financial
12
Stifel Financial
Missouri
$37.2M +$6.05M +341,396 +20%
Rockefeller Capital Management
13
Rockefeller Capital Management
New York
$33.3M +$384K +21,624 +1%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$32.5M +$2.43M +137,136 +8%
Janney Montgomery Scott
15
Janney Montgomery Scott
Pennsylvania
$29.5M -$677K -38,200 -2%
Baird Financial Group
16
Baird Financial Group
Wisconsin
$29.4M +$4.85M +273,566 +20%
PFS
17
Prospera Financial Services
Texas
$29.4M +$3.91M +220,692 +16%
Osaic Holdings
18
Osaic Holdings
Arizona
$28.8M +$482K +27,171 +2%
AAP
19
Arax Advisory Partners
Colorado
$27.7M +$1.06M +59,919 +4%
OPAM
20
Ocean Park Asset Management
California
$27.3M +$213K +12,016 +0.8%
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$26.4M +$2.7M +152,436 +12%
MFG
22
Magnus Financial Group
New York
$25.8M +$621K +35,008 +3%
CTB
23
Country Trust Bank
Illinois
$24.9M -$113K -6,385 -0.5%
Ameriprise
24
Ameriprise
Minnesota
$24.7M +$15.6M +879,139 +180%
AWM
25
Affinity Wealth Management
Delaware
$24M -$395K -22,247 -2%

FPE Hedge Fund Activity: Q3 2024 in Review

413 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2024, worth a combined $3.51B — up 8.3% from $3.24B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new FPE positions and 36 closed out — a net gain of 11 holders — while 175 added to existing stakes and 136 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $28.8M. The largest seller was Cetera Investment Advisers, exiting entirely with an estimated $19.8M sold.

  • 413 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2024, up from 405 in Q2 2024.
  • Funds reported $3.51B of First Trust Preferred Securities and Income ETF stock for Q3 2024, up 8.3% quarter-over-quarter.
  • 47 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2024 and 36 closed out, a net change of +11 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q3 2024 was Morgan Stanley, an estimated $28.8M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q3 2024 was Cetera Investment Advisers, an estimated $19.8M sold.

Based on aggregated 13F filings for Q3 2024.