First Trust Institutional Preferred Securities and Income ETF
FPEI
144 hedge funds and large institutions have $673M invested in First Trust Institutional Preferred Securities and Income ETF in 2023 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 68 increasing their positions, 40 reducing their positions, and 14 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 40
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
5% more funds holding
Funds holding: 137 → 144 (+7)
5% more capital invested
Capital invested by funds: $644M → $673M (+$29M)
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
2.47% less ownership
Funds ownership: 74.26% → 71.8% (-2.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBB
Citizens Business Bank
Ontario,
California
|
+$19.3M |
| 2 |
LPL Financial
San Diego,
California
|
+$14.8M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$12.4M |
| 4 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$6.97M |
| 5 |
Jane Street
New York
|
+$5.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$9.37M |
| 2 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
-$5.8M |
| 3 |
AWE
Avidian Wealth Enterprises
Houston,
Texas
|
-$5.75M |
| 4 |
MAM
Milestone Asset Management
Pittsburgh,
Pennsylvania
|
-$4.85M |
| 5 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
-$2.67M |
FPEI Hedge Fund Activity: Q1 2023 in Review
144 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q1 2023, worth a combined $673M — up 4.5% from $644M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new FPEI positions and 14 closed out — a net gain of 9 holders — while 68 added to existing stakes and 40 trimmed.
The largest buyer was Citizens Business Bank, adding an estimated $19.3M. The largest seller was Synergy Asset Management, exiting entirely with an estimated $9.37M sold.
- 144 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q1 2023, up from 137 in Q4 2022.
- Funds reported $673M of First Trust Institutional Preferred Securities and Income ETF stock for Q1 2023, up 4.5% quarter-over-quarter.
- 23 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q1 2023 and 14 closed out, a net change of +9 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q1 2023 was Citizens Business Bank, an estimated $19.3M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q1 2023 was Synergy Asset Management, an estimated $9.37M sold.
Based on aggregated 13F filings for Q1 2023.