First Trust Institutional Preferred Securities and Income ETF
FPEI
28 hedge funds and large institutions have $75.3M invested in First Trust Institutional Preferred Securities and Income ETF in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 17 increasing their positions, 7 reducing their positions, and 8 closing their positions.
143% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 7
6% more capital invested
Capital invested by funds: $70.8M → $75.3M (+$4.44M)
5.95% less ownership
Funds ownership: 47.63% → 41.68% (-5.9%)
20% less funds holding
Funds holding: 35 → 28 (-7)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$6.96M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.25M |
| 3 |
Morgan Stanley
New York
|
+$838K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$754K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$637K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$4.09M |
| 2 |
BCM
Bluefin Capital Management
New York
|
-$1.8M |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$1.43M |
| 4 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$1.12M |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$415K |
FPEI Hedge Fund Activity: Q2 2019 in Review
28 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q2 2019, worth a combined $75.3M — up 6.3% from $70.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FPEI and 2 opened new positions — a net loss of 6 holders — while 7 trimmed existing stakes and 17 added.
The largest buyer was Bank of America, adding an estimated $6.96M. The largest seller was Jane Street, cutting an estimated $4.09M.
- 28 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q2 2019, down from 35 in Q1 2019.
- Funds reported $75.3M of First Trust Institutional Preferred Securities and Income ETF stock for Q2 2019, up 6.3% quarter-over-quarter.
- 2 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q2 2019 and 8 closed out, a net change of -6 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q2 2019 was Bank of America, an estimated $6.96M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q2 2019 was Jane Street, an estimated $4.09M sold.
Based on aggregated 13F filings for Q2 2019.