First Trust Institutional Preferred Securities and Income ETF
FPEI
155 hedge funds and large institutions have $935M invested in First Trust Institutional Preferred Securities and Income ETF in 2024 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 71 increasing their positions, 48 reducing their positions, and 18 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 48
11% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 18
4% more capital invested
Capital invested by funds: $903M → $935M (+$32.4M)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
1% less funds holding
Funds holding: 156 → 155 (-1)
3.48% less ownership
Funds ownership: 75.97% → 72.5% (-3.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$18.7M |
| 2 |
JP Morgan Chase
New York
|
+$15.5M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$7.69M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$6.25M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$4.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIM
Gunn & Company Investment Management
Jacksonville,
Florida
|
-$34.3M |
| 2 |
Jane Street
New York
|
-$19.1M |
| 3 |
LPL Financial
San Diego,
California
|
-$6.56M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$5.84M |
| 5 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$3.67M |
FPEI Hedge Fund Activity: Q1 2024 in Review
155 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q1 2024, worth a combined $935M — up 3.6% from $903M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FPEI positions and 18 closed out — a net gain of 2 holders — while 71 added to existing stakes and 48 trimmed.
The largest buyer was UBS Group, adding an estimated $18.7M. The largest seller was Gunn & Company Investment Management, cutting an estimated $34.3M.
- 155 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q1 2024, down from 156 in Q4 2023.
- Funds reported $935M of First Trust Institutional Preferred Securities and Income ETF stock for Q1 2024, up 3.6% quarter-over-quarter.
- 20 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q1 2024 and 18 closed out, a net change of +2 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q1 2024 was UBS Group, an estimated $18.7M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q1 2024 was Gunn & Company Investment Management, an estimated $34.3M sold.
Based on aggregated 13F filings for Q1 2024.