First Trust Institutional Preferred Securities and Income ETF
FPEI
136 hedge funds and large institutions have $729M invested in First Trust Institutional Preferred Securities and Income ETF in 2023 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 48 increasing their positions, 59 reducing their positions, and 14 closing their positions.
3% more capital invested
Capital invested by funds: $709M → $729M (+$20.6M)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
1% less funds holding
Funds holding: 138 → 136 (-2)
4.25% less ownership
Funds ownership: 73.58% → 69.33% (-4.2%)
19% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 59
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$42.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$26.6M |
| 3 |
FMLI
Fukoku Mutual Life Insurance
Tokyo,
Japan
|
+$10.6M |
| 4 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
+$9.86M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$6.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
-$37.2M |
| 2 |
Jane Street
New York
|
-$26.3M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$7.97M |
| 4 |
BFG
Beacon Financial Group
Dallas,
Texas
|
-$6.25M |
| 5 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
-$3.85M |
FPEI Hedge Fund Activity: Q3 2023 in Review
136 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q3 2023, worth a combined $729M — up 2.9% from $709M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FPEI and 13 opened new positions — a net loss of 1 holder — while 59 trimmed existing stakes and 48 added.
The largest buyer was Morgan Stanley, adding an estimated $42.4M. The largest seller was Chas P. Smith & Associates (CPS), exiting entirely with an estimated $37.2M sold.
- 136 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q3 2023, down from 138 in Q2 2023.
- Funds reported $729M of First Trust Institutional Preferred Securities and Income ETF stock for Q3 2023, up 2.9% quarter-over-quarter.
- 13 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q3 2023 and 14 closed out, a net change of -1 holder.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q3 2023 was Morgan Stanley, an estimated $42.4M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q3 2023 was Chas P. Smith & Associates (CPS), an estimated $37.2M sold.
Based on aggregated 13F filings for Q3 2023.