First Trust Institutional Preferred Securities and Income ETF
FPEI
96 hedge funds and large institutions have $360M invested in First Trust Institutional Preferred Securities and Income ETF in 2021 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 49 increasing their positions, 17 reducing their positions, and 6 closing their positions.
267% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 6
188% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 17
50% more funds holding in top 10
Funds holding in top 10: 8 → 12 (+4)
33% more capital invested
Capital invested by funds: $270M → $360M (+$89.8M)
17% more funds holding
Funds holding: 82 → 96 (+14)
6.43% more ownership
Funds ownership: 59% → 65.42% (+6.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$28.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$14.5M |
| 3 |
MFGM
Marshall Financial Group (Maryland)
Hunt Valley,
Maryland
|
+$5.15M |
| 4 |
SMF
Sterling Manor Financial
Saratoga Springs,
New York
|
+$3.16M |
| 5 |
WAM
WealthTrust Asset Management
Destin,
Florida
|
+$2.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DAM
Derbend Asset Management
Peachtree City,
Georgia
|
-$1.23M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$998K |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
-$699K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$320K |
| 5 |
1W
1776 Wealth
Atlanta,
Georgia
|
-$284K |
FPEI Hedge Fund Activity: Q4 2021 in Review
96 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q4 2021, worth a combined $360M — up 33% from $270M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FPEI positions and 6 closed out — a net gain of 16 holders — while 49 added to existing stakes and 17 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $28.6M. The largest seller was Derbend Asset Management, exiting entirely with an estimated $1.23M sold.
- 96 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q4 2021, up from 82 in Q3 2021.
- Funds reported $360M of First Trust Institutional Preferred Securities and Income ETF stock for Q4 2021, up 33% quarter-over-quarter.
- 22 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q4 2021 and 6 closed out, a net change of +16 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q4 2021 was Morgan Stanley, an estimated $28.6M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q4 2021 was Derbend Asset Management, an estimated $1.23M sold.
Based on aggregated 13F filings for Q4 2021.