First Trust Institutional Preferred Securities and Income ETF
FPEI
156 hedge funds and large institutions have $903M invested in First Trust Institutional Preferred Securities and Income ETF in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 48 increasing their positions, 61 reducing their positions, and 8 closing their positions.
288% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 8
24% more capital invested
Capital invested by funds: $729M → $903M (+$174M)
15% more funds holding
Funds holding: 136 → 156 (+20)
6.64% more ownership
Funds ownership: 69.33% → 75.97% (+6.6%)
21% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 61
40% less funds holding in top 10
Funds holding in top 10: 10 → 6 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
+$34.7M |
| 2 |
GCIM
Gunn & Company Investment Management
Jacksonville,
Florida
|
+$32.6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$28.1M |
| 4 |
Jane Street
New York
|
+$17.6M |
| 5 |
Morgan Stanley
New York
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$10.2M |
| 2 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
-$9.7M |
| 3 |
CCIA
Cherry Creek Investment Advisors
Englewood,
Colorado
|
-$5.83M |
| 4 |
MFG
Magnus Financial Group
New York
|
-$5.64M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$3.86M |
FPEI Hedge Fund Activity: Q4 2023 in Review
156 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q4 2023, worth a combined $903M — up 24% from $729M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FPEI positions and 8 closed out — a net gain of 23 holders — while 48 added to existing stakes and 61 trimmed.
The largest buyer was Chas P. Smith & Associates (CPS), opening a new position worth an estimated $34.7M. The largest seller was Miracle Mile Advisors, cutting an estimated $10.2M.
- 156 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q4 2023, up from 136 in Q3 2023.
- Funds reported $903M of First Trust Institutional Preferred Securities and Income ETF stock for Q4 2023, up 24% quarter-over-quarter.
- 31 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q4 2023 and 8 closed out, a net change of +23 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q4 2023 was Chas P. Smith & Associates (CPS), an estimated $34.7M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q4 2023 was Miracle Mile Advisors, an estimated $10.2M sold.
Based on aggregated 13F filings for Q4 2023.