First Trust Institutional Preferred Securities and Income ETF
FPEI
138 hedge funds and large institutions have $709M invested in First Trust Institutional Preferred Securities and Income ETF in 2023 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 58 increasing their positions, 55 reducing their positions, and 21 closing their positions.
5% more capital invested
Capital invested by funds: $673M → $709M (+$35.7M)
1.79% more ownership
Funds ownership: 71.8% → 73.58% (+1.8%)
5% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 55
4% less funds holding
Funds holding: 144 → 138 (-6)
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
24% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$21.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$19.4M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$12.5M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.9M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$7.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$19.2M |
| 2 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
-$14.6M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$5.42M |
| 4 |
SCA
Snowden Capital Advisors
New York
|
-$3.94M |
| 5 |
FFA
Founders Financial Alliance
Raleigh,
North Carolina
|
-$2.99M |
FPEI Hedge Fund Activity: Q2 2023 in Review
138 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q2 2023, worth a combined $709M — up 5.3% from $673M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of FPEI and 16 opened new positions — a net loss of 5 holders — while 55 trimmed existing stakes and 58 added.
The largest buyer was Jane Street, adding an estimated $21.1M. The largest seller was Morgan Stanley, cutting an estimated $19.2M.
- 138 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q2 2023, down from 144 in Q1 2023.
- Funds reported $709M of First Trust Institutional Preferred Securities and Income ETF stock for Q2 2023, up 5.3% quarter-over-quarter.
- 16 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q2 2023 and 21 closed out, a net change of -5 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q2 2023 was Jane Street, an estimated $21.1M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q2 2023 was Morgan Stanley, an estimated $19.2M sold.
Based on aggregated 13F filings for Q2 2023.