First Trust Institutional Preferred Securities and Income ETF
FPEI
54 hedge funds and large institutions have $143M invested in First Trust Institutional Preferred Securities and Income ETF in 2020 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 18 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
17% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 18
6% more funds holding
Funds holding: 51 → 54 (+3)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
4.7% less ownership
Funds ownership: 49.84% → 45.14% (-4.7%)
8% less capital invested
Capital invested by funds: $156M → $143M (-$13.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.64M |
| 2 |
WF
Welch & Forbes
Boston,
Massachusetts
|
+$3.3M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.93M |
| 4 |
VIM
Vista Investment Management
Pittsburgh,
Pennsylvania
|
+$970K |
| 5 |
WA
WESPAC Advisors
Orinda,
California
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SEIA
Signature Estate & Investment Advisors
Los Angeles,
California
|
-$29.8M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$3.3M |
| 3 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.17M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$850K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$525K |
FPEI Hedge Fund Activity: Q4 2020 in Review
54 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q4 2020, worth a combined $143M — down 8.5% from $156M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FPEI positions and 5 closed out — a net gain of 3 holders — while 21 added to existing stakes and 18 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.64M. The largest seller was Signature Estate & Investment Advisors, cutting an estimated $29.8M.
- 54 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q4 2020, up from 51 in Q3 2020.
- Funds reported $143M of First Trust Institutional Preferred Securities and Income ETF stock for Q4 2020, down 8.5% quarter-over-quarter.
- 8 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q4 2020 and 5 closed out, a net change of +3 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q4 2020 was Morgan Stanley, an estimated $4.64M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q4 2020 was Signature Estate & Investment Advisors, an estimated $29.8M sold.
Based on aggregated 13F filings for Q4 2020.