First Trust Institutional Preferred Securities and Income ETF
FPEI
82 hedge funds and large institutions have $270M invested in First Trust Institutional Preferred Securities and Income ETF in 2021 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 47 increasing their positions, 14 reducing their positions, and 2 closing their positions.
700% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 2
236% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 14
100% more funds holding in top 10
Funds holding in top 10: 4 → 8 (+4)
35% more capital invested
Capital invested by funds: $200M → $270M (+$69.7M)
19% more funds holding
Funds holding: 69 → 82 (+13)
6.2% more ownership
Funds ownership: 52.79% → 59% (+6.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$11.7M |
| 2 |
Morgan Stanley
New York
|
+$7.44M |
| 3 |
SMF
Sterling Manor Financial
Saratoga Springs,
New York
|
+$4.99M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$3.02M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$673K |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$601K |
| 3 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$361K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$95.6K |
| 5 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$65.1K |
FPEI Hedge Fund Activity: Q3 2021 in Review
82 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q3 2021, worth a combined $270M — up 35% from $200M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FPEI positions and 2 closed out — a net gain of 14 holders — while 47 added to existing stakes and 14 trimmed.
The largest buyer was UBS Group, adding an estimated $11.7M. The largest seller was Jane Street, exiting entirely with an estimated $673K sold.
- 82 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q3 2021, up from 69 in Q2 2021.
- Funds reported $270M of First Trust Institutional Preferred Securities and Income ETF stock for Q3 2021, up 35% quarter-over-quarter.
- 16 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q3 2021 and 2 closed out, a net change of +14 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q3 2021 was UBS Group, an estimated $11.7M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q3 2021 was Jane Street, an estimated $673K sold.
Based on aggregated 13F filings for Q3 2021.