First Trust Institutional Preferred Securities and Income ETF
FPEI
30 hedge funds and large institutions have $43.8M invested in First Trust Institutional Preferred Securities and Income ETF in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
20% more capital invested
Capital invested by funds: $36.5M → $43.8M (+$7.3M)
11% more funds holding
Funds holding: 27 → 30 (+3)
2.61% more ownership
Funds ownership: 34.75% → 37.36% (+2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.44M |
| 2 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$1.95M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.3M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1M |
| 5 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
+$688K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.62M |
| 2 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$808K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$678K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$609K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$475K |
FPEI Hedge Fund Activity: Q4 2018 in Review
30 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q4 2018, worth a combined $43.8M — up 20% from $36.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FPEI positions and 6 closed out — a net gain of 3 holders — while 11 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $8.44M. The largest seller was Bank of America, cutting an estimated $1.62M.
- 30 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q4 2018, up from 27 in Q3 2018.
- Funds reported $43.8M of First Trust Institutional Preferred Securities and Income ETF stock for Q4 2018, up 20% quarter-over-quarter.
- 9 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q4 2018 and 6 closed out, a net change of +3 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q4 2018 was Morgan Stanley, an estimated $8.44M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q4 2018 was Bank of America, an estimated $1.62M sold.
Based on aggregated 13F filings for Q4 2018.