First Trust Institutional Preferred Securities and Income ETF
FPEI
51 hedge funds and large institutions have $156M invested in First Trust Institutional Preferred Securities and Income ETF in 2020 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 16
16% more funds holding
Funds holding: 44 → 51 (+7)
10% more capital invested
Capital invested by funds: $142M → $156M (+$14.5M)
1.79% more ownership
Funds ownership: 48.05% → 49.84% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.82M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.24M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$1.42M |
| 4 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
+$1.42M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.7M |
| 2 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$2.43M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.96M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$544K |
| 5 |
Jane Street
New York
|
-$544K |
FPEI Hedge Fund Activity: Q3 2020 in Review
51 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q3 2020, worth a combined $156M — up 10% from $142M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FPEI positions and 2 closed out — a net gain of 8 holders — while 22 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.82M. The largest seller was Raymond James & Associates, cutting an estimated $2.7M.
- 51 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q3 2020, up from 44 in Q2 2020.
- Funds reported $156M of First Trust Institutional Preferred Securities and Income ETF stock for Q3 2020, up 10% quarter-over-quarter.
- 10 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q3 2020 and 2 closed out, a net change of +8 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q3 2020 was Morgan Stanley, an estimated $6.82M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q3 2020 was Raymond James & Associates, an estimated $2.7M sold.
Based on aggregated 13F filings for Q3 2020.