First Trust Institutional Preferred Securities and Income ETF
FPEI
186 hedge funds and large institutions have $1.35B invested in First Trust Institutional Preferred Securities and Income ETF in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 76 increasing their positions, 67 reducing their positions, and 17 closing their positions.
59% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 17
13% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 67
8% more capital invested
Capital invested by funds: $1.25B → $1.35B (+$97.1M)
4% more funds holding
Funds holding: 179 → 186 (+7)
1.44% more ownership
Funds ownership: 77.45% → 78.9% (+1.4%)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Montis Financial
Waltham,
Massachusetts
|
+$29.8M |
| 2 |
Morgan Stanley
New York
|
+$21.4M |
| 3 |
FMLI
Fukoku Mutual Life Insurance
Tokyo,
Japan
|
+$12.2M |
| 4 |
LPL Financial
San Diego,
California
|
+$10.4M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$7.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
-$17.3M |
| 2 |
AWC
Adamsbrown Wealth Consultants
Wichita,
Kansas
|
-$8.17M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$6.89M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.81M |
| 5 |
FA
Flagstar Advisors
New York
|
-$2.73M |
FPEI Hedge Fund Activity: Q3 2025 in Review
186 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q3 2025, worth a combined $1.35B — up 7.8% from $1.25B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FPEI positions and 17 closed out — a net gain of 10 holders — while 76 added to existing stakes and 67 trimmed.
The largest buyer was Montis Financial, adding an estimated $29.8M. The largest seller was Chas P. Smith & Associates (CPS), cutting an estimated $17.3M.
- 186 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q3 2025, up from 179 in Q2 2025.
- Funds reported $1.35B of First Trust Institutional Preferred Securities and Income ETF stock for Q3 2025, up 7.8% quarter-over-quarter.
- 27 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q3 2025 and 17 closed out, a net change of +10 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q3 2025 was Montis Financial, an estimated $29.8M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q3 2025 was Chas P. Smith & Associates (CPS), an estimated $17.3M sold.
Based on aggregated 13F filings for Q3 2025.