First Trust Institutional Preferred Securities and Income ETF
FPEI
168 hedge funds and large institutions have $960M invested in First Trust Institutional Preferred Securities and Income ETF in 2024 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 65 increasing their positions, 54 reducing their positions, and 15 closing their positions.
100% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 15
20% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 54
8% more funds holding
Funds holding: 155 → 168 (+13)
2.2% more ownership
Funds ownership: 72.5% → 74.7% (+2.2%)
3% more capital invested
Capital invested by funds: $935M → $960M (+$24.9M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIM
Gunn & Company Investment Management
Jacksonville,
Florida
|
+$36.3M |
| 2 |
CFG
Citizens Financial Group
Providence,
Rhode Island
|
+$8.12M |
| 3 |
LPL Financial
San Diego,
California
|
+$6.44M |
| 4 |
LEA
Legacy Edge Advisors
Syosset,
New York
|
+$2.32M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$15.7M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$11.3M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$8.74M |
| 4 |
GSC
G&S Capital
Denver,
Colorado
|
-$3.41M |
| 5 |
Renaissance Technologies
New York
|
-$2.2M |
FPEI Hedge Fund Activity: Q2 2024 in Review
168 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q2 2024, worth a combined $960M — up 2.7% from $935M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new FPEI positions and 15 closed out — a net gain of 15 holders — while 65 added to existing stakes and 54 trimmed.
The largest buyer was Gunn & Company Investment Management, adding an estimated $36.3M. The largest seller was JP Morgan Chase, cutting an estimated $15.7M.
- 168 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q2 2024, up from 155 in Q1 2024.
- Funds reported $960M of First Trust Institutional Preferred Securities and Income ETF stock for Q2 2024, up 2.7% quarter-over-quarter.
- 30 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q2 2024 and 15 closed out, a net change of +15 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q2 2024 was Gunn & Company Investment Management, an estimated $36.3M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q2 2024 was JP Morgan Chase, an estimated $15.7M sold.
Based on aggregated 13F filings for Q2 2024.