First Trust Institutional Preferred Securities and Income ETF
FPEI
44 hedge funds and large institutions have $142M invested in First Trust Institutional Preferred Securities and Income ETF in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 7 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
5% more capital invested
Capital invested by funds: $135M → $142M (+$6.92M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.75% less ownership
Funds ownership: 50.8% → 48.05% (-2.8%)
4% less funds holding
Funds holding: 46 → 44 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.94M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.99M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.23M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$635K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$514K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$7.25M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$4.64M |
| 3 |
Morgan Stanley
New York
|
-$3.35M |
| 4 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$2.34M |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$1.53M |
FPEI Hedge Fund Activity: Q2 2020 in Review
44 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q2 2020, worth a combined $142M — up 5.1% from $135M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FPEI and 5 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 19 added.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $4.94M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $7.25M.
- 44 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q2 2020, down from 46 in Q1 2020.
- Funds reported $142M of First Trust Institutional Preferred Securities and Income ETF stock for Q2 2020, up 5.1% quarter-over-quarter.
- 5 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q2 2020 and 7 closed out, a net change of -2 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q2 2020 was Citadel Advisors, an estimated $4.94M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q2 2020 was Raymond James Financial Services Advisors, an estimated $7.25M sold.
Based on aggregated 13F filings for Q2 2020.