First Trust Institutional Preferred Securities and Income ETF
FPEI
40 hedge funds and large institutions have $98.2M invested in First Trust Institutional Preferred Securities and Income ETF in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 8 reducing their positions, and 0 closing their positions.
113% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 8
43% more funds holding
Funds holding: 28 → 40 (+12)
30% more capital invested
Capital invested by funds: $75.3M → $98.2M (+$22.9M)
2.26% more ownership
Funds ownership: 41.68% → 43.94% (+2.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.36M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.94M |
| 3 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
+$6.9M |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.31M |
| 5 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$5.36M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$1.11M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$619K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$306K |
| 5 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
-$17.4K |
FPEI Hedge Fund Activity: Q3 2019 in Review
40 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q3 2019, worth a combined $98.2M — up 30% from $75.3M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FPEI positions and 0 closed out — a net gain of 12 holders — while 17 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.36M. The largest seller was First Allied Advisory Services, cutting an estimated $5.36M.
- 40 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q3 2019, up from 28 in Q2 2019.
- Funds reported $98.2M of First Trust Institutional Preferred Securities and Income ETF stock for Q3 2019, up 30% quarter-over-quarter.
- 12 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q3 2019 and 0 closed out, a net change of +12 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q3 2019 was Morgan Stanley, an estimated $7.36M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q3 2019 was First Allied Advisory Services, an estimated $5.36M sold.
Based on aggregated 13F filings for Q3 2019.