We are live on ! Find out more
FPEI icon

First Trust Institutional Preferred Securities and Income ETF
FPEI

179 hedge funds and large institutions have $1.25B invested in First Trust Institutional Preferred Securities and Income ETF in 2025 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 65 increasing their positions, 74 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 16

1% less funds holding

Funds holding: 180 → 179 (-1)

1% less ownership

Funds ownership: 78.45% → 77.45% (-1%)

1% less capital invested

Capital invested by funds: $1.26B → $1.25B (-$14.4M)

12% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 74

43% less funds holding in top 10

Funds holding in top 10: 7 → 4 (-3)

Holders
179
Holders Change
-1
Holders Change %
-0.56%
% of All Funds
2.36%
Holding in Top 10
4
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-42.86%
% of All Funds
0.05%
New
16
Increased
65
Reduced
74
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$19M
2
AAS
Annex Advisory Services
Wisconsin
+$15.6M
3
CFG
Citizens Financial Group
Rhode Island
+$7M
4
Raymond James Financial
Raymond James Financial
Florida
+$4.13M
5
PFS
Prospera Financial Services
Texas
+$3.96M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$26.6M
2
JP Morgan Chase
JP Morgan Chase
New York
-$19.3M
3
CBB
Citizens Business Bank
California
-$17.5M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$7.54M
5
Bank of America
Bank of America
North Carolina
-$5.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
WCM
51
Winebrenner Capital Management
Kentucky
$2.3M -$21.6K -1,160 -1%
SPI
52
Sutton Place Investors
New York
$2.27M +$68.2K +3,669 +3%
Renaissance Technologies
53
Renaissance Technologies
New York
$2.2M -$1.48M -79,396 -41%
Comerica Bank
54
Comerica Bank
Texas
$2.18M +$442K +23,755 +26%
KWM
55
Keebeck Wealth Management
Illinois
$2.08M – – –
FAIM
56
Financial Advocates Investment Management
Washington
$2.04M -$16.7K -899 -0.8%
IA
57
Integrity Alliance
Iowa
$1.94M -$3.34M -179,936 -64%
Focus Partners Wealth
58
Focus Partners Wealth
Massachusetts
$1.94M +$4.59K +247 +0.2%
Janney Montgomery Scott
59
Janney Montgomery Scott
Pennsylvania
$1.87M +$260K +13,997 +17%
WAM
60
Walker Asset Management
Missouri
$1.56M +$204 +11 +0%
SPIA
61
Steward Partners Investment Advisory
New York
$1.55M -$9.57K -515 -0.6%
PNC
62
Park National Corp
Ohio
$1.51M +$223K +12,015 +18%
LWM
63
Lakeridge Wealth Management
Ohio
$1.51M +$32.7K +1,762 +2%
ATPW
64
Ashton Thomas Private Wealth
Arizona
$1.48M +$241K +12,983 +20%
NFG
65
Nations Financial Group
Iowa
$1.43M +$24K +1,293 +2%
FIM
66
FWL Investment Management
Texas
$1.38M -$9.65K -519 -0.7%
NS
67
NBC Securities
Alabama
$1.36M +$166K +8,948 +14%
BFA
68
Beacon Financial Advisory
Ohio
$1.33M +$216K +11,632 +20%
PGAM
69
Princeton Global Asset Management
New Jersey
$1.32M +$4.07K +219 +0.3%
EWM
70
Empirical Wealth Management
Washington
$1.29M -$78.6K -4,230 -6%
VAS
71
Vestmark Advisory Solutions
Massachusetts
$1.28M +$583K +31,389 +88%
PAS
72
Park Avenue Securities
New York
$1.26M -$920K -49,525 -43%
Northwestern Mutual Wealth Management
73
Northwestern Mutual Wealth Management
Wisconsin
$1.26M +$60.1K +3,236 +5%
SPC
74
Sigma Planning Corp
Michigan
$1.25M -$139K -7,504 -10%
TNBTD
75
Trustmark National Bank Trust Department
Mississippi
$1.24M +$681K +36,662 +128%
1 2
3
4 5

FPEI Hedge Fund Activity: Q2 2025 in Review

179 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q2 2025, worth a combined $1.25B — down 1.1% from $1.26B a quarter earlier.

Fund positioning in FPEI was balanced in Q2 2025: 16 funds opened new positions, 16 closed out, 65 added to existing stakes and 74 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $19M. The largest seller was Morgan Stanley, cutting an estimated $26.6M.

  • 179 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q2 2025, down from 180 in Q1 2025.
  • Funds reported $1.25B of First Trust Institutional Preferred Securities and Income ETF stock for Q2 2025, down 1.1% quarter-over-quarter.
  • 16 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q2 2025 and 16 closed out, a net change of 0 holders.
  • The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q2 2025 was Royal Bank of Canada, an estimated $19M added.
  • The largest First Trust Institutional Preferred Securities and Income ETF seller in Q2 2025 was Morgan Stanley, an estimated $26.6M sold.

Based on aggregated 13F filings for Q2 2025.