First Trust Institutional Preferred Securities and Income ETF
FPEI
27 hedge funds and large institutions have $36.5M invested in First Trust Institutional Preferred Securities and Income ETF in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
13% more funds holding
Funds holding: 24 → 27 (+3)
2% less capital invested
Capital invested by funds: $37.2M → $36.5M (-$675K)
3.31% less ownership
Funds ownership: 38.06% → 34.75% (-3.3%)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$937K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$731K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$684K |
| 4 |
Morgan Stanley
New York
|
+$520K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$331K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.72M |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
-$1.04M |
| 3 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$805K |
| 4 |
LPL Financial
San Diego,
California
|
-$776K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$288K |
FPEI Hedge Fund Activity: Q3 2018 in Review
27 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q3 2018, worth a combined $36.5M — down 1.8% from $37.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FPEI positions and 2 closed out — a net gain of 3 holders — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $937K. The largest seller was Bank of America, cutting an estimated $2.72M.
- 27 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q3 2018, up from 24 in Q2 2018.
- Funds reported $36.5M of First Trust Institutional Preferred Securities and Income ETF stock for Q3 2018, down 1.8% quarter-over-quarter.
- 5 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q3 2018 and 2 closed out, a net change of +3 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q3 2018 was Raymond James Financial Services Advisors, an estimated $937K added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q3 2018 was Bank of America, an estimated $2.72M sold.
Based on aggregated 13F filings for Q3 2018.