First Trust Institutional Preferred Securities and Income ETF
FPEI
137 hedge funds and large institutions have $644M invested in First Trust Institutional Preferred Securities and Income ETF in 2022 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 50 increasing their positions, 37 reducing their positions, and 13 closing their positions.
215% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 13
68% more capital invested
Capital invested by funds: $383M → $644M (+$261M)
35% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 37
25% more funds holding
Funds holding: 110 → 137 (+27)
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
12.91% more ownership
Funds ownership: 61.35% → 74.26% (+13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$76.7M |
| 2 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
+$35.3M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$31.4M |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$19.9M |
| 5 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
+$12.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$9.68M |
| 2 |
PWA
PCG Wealth Advisors
Overland Park,
Kansas
|
-$3.9M |
| 3 |
DWP
Destiny Wealth Partners
Tavares,
Florida
|
-$3.3M |
| 4 |
CA
Crumly & Associates
Springfield,
Illinois
|
-$1.71M |
| 5 |
WAM
WealthTrust Asset Management
Destin,
Florida
|
-$1.69M |
FPEI Hedge Fund Activity: Q4 2022 in Review
137 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q4 2022, worth a combined $644M — up 68% from $383M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new FPEI positions and 13 closed out — a net gain of 28 holders — while 50 added to existing stakes and 37 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $76.7M. The largest seller was Jane Street, exiting entirely with an estimated $9.68M sold.
- 137 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q4 2022, up from 110 in Q3 2022.
- Funds reported $644M of First Trust Institutional Preferred Securities and Income ETF stock for Q4 2022, up 68% quarter-over-quarter.
- 41 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q4 2022 and 13 closed out, a net change of +28 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q4 2022 was Morgan Stanley, an estimated $76.7M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q4 2022 was Jane Street, an estimated $9.68M sold.
Based on aggregated 13F filings for Q4 2022.