First Trust Institutional Preferred Securities and Income ETF
FPEI
165 hedge funds and large institutions have $1.14B invested in First Trust Institutional Preferred Securities and Income ETF in 2024 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 76 increasing their positions, 51 reducing their positions, and 14 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 51
19% more capital invested
Capital invested by funds: $960M → $1.14B (+$180M)
0.83% more ownership
Funds ownership: 74.7% → 75.52% (+0.83%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 14
2% less funds holding
Funds holding: 168 → 165 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$62.9M |
| 2 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$33.8M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$12M |
| 4 |
JP Morgan Chase
New York
|
+$11.7M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCIM
Gunn & Company Investment Management
Jacksonville,
Florida
|
-$37.2M |
| 2 |
TA
TKG Advisors
Valparaiso,
Indiana
|
-$4.36M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.85M |
| 4 |
WA
Win Advisors
Palm Beach Gardens,
Florida
|
-$1.15M |
| 5 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
-$451K |
FPEI Hedge Fund Activity: Q3 2024 in Review
165 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q3 2024, worth a combined $1.14B — up 19% from $960M a quarter earlier.
Fund positioning in FPEI was balanced in Q3 2024: 14 funds opened new positions, 14 closed out, 76 added to existing stakes and 51 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $62.9M. The largest seller was Gunn & Company Investment Management, cutting an estimated $37.2M.
- 165 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q3 2024, down from 168 in Q2 2024.
- Funds reported $1.14B of First Trust Institutional Preferred Securities and Income ETF stock for Q3 2024, up 19% quarter-over-quarter.
- 14 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q3 2024 and 14 closed out, a net change of 0 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q3 2024 was Morgan Stanley, an estimated $62.9M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q3 2024 was Gunn & Company Investment Management, an estimated $37.2M sold.
Based on aggregated 13F filings for Q3 2024.