First Trust Institutional Preferred Securities and Income ETF
FPEI
110 hedge funds and large institutions have $383M invested in First Trust Institutional Preferred Securities and Income ETF in 2022 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 40 increasing their positions, 33 reducing their positions, and 13 closing their positions.
77% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 13
21% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 33
9% more funds holding
Funds holding: 101 → 110 (+9)
9% more capital invested
Capital invested by funds: $352M → $383M (+$30.8M)
1.73% less ownership
Funds ownership: 63.08% → 61.35% (-1.7%)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$10.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.7M |
| 3 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
+$8.03M |
| 4 |
Morgan Stanley
New York
|
+$4.87M |
| 5 |
LPL Financial
San Diego,
California
|
+$4.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
WealthTrust Asset Management
Destin,
Florida
|
-$5.74M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$4.68M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$3.2M |
| 4 |
Rockefeller Capital Management
New York
|
-$2.88M |
| 5 |
UCMOK
United Capital Management of KS
Salina,
Kansas
|
-$1.7M |
FPEI Hedge Fund Activity: Q3 2022 in Review
110 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q3 2022, worth a combined $383M — up 8.8% from $352M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FPEI positions and 13 closed out — a net gain of 10 holders — while 40 added to existing stakes and 33 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $10.2M. The largest seller was WealthTrust Asset Management, cutting an estimated $5.74M.
- 110 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q3 2022, up from 101 in Q2 2022.
- Funds reported $383M of First Trust Institutional Preferred Securities and Income ETF stock for Q3 2022, up 8.8% quarter-over-quarter.
- 23 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q3 2022 and 13 closed out, a net change of +10 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q3 2022 was Jane Street, an estimated $10.2M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q3 2022 was WealthTrust Asset Management, an estimated $5.74M sold.
Based on aggregated 13F filings for Q3 2022.