First Trust Institutional Preferred Securities and Income ETF
FPEI
181 hedge funds and large institutions have $1.28B invested in First Trust Institutional Preferred Securities and Income ETF in 2025 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 83 increasing their positions, 59 reducing their positions, and 19 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 59
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
6% more capital invested
Capital invested by funds: $1.21B → $1.28B (+$67.8M)
0.35% less ownership
Funds ownership: 79.5% → 79.15% (-0.35%)
3% less funds holding
Funds holding: 186 → 181 (-5)
11% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$27.1M |
| 2 |
Morgan Stanley
New York
|
+$20.2M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$7.04M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.66M |
| 5 |
LPL Financial
San Diego,
California
|
+$5.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
-$6.87M |
| 2 |
FTS
Fifth Third Securities
Cincinnati,
Ohio
|
-$5.85M |
| 3 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$4.95M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$3.44M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.85M |
FPEI Hedge Fund Activity: Q1 2025 in Review
181 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q1 2025, worth a combined $1.28B — up 5.6% from $1.21B a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of FPEI and 17 opened new positions — a net loss of 2 holders — while 59 trimmed existing stakes and 83 added.
The largest buyer was Merit Financial Group, opening a new position worth an estimated $27.1M. The largest seller was Stonebridge Advisors, exiting entirely with an estimated $6.87M sold.
- 181 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q1 2025, down from 186 in Q4 2024.
- Funds reported $1.28B of First Trust Institutional Preferred Securities and Income ETF stock for Q1 2025, up 5.6% quarter-over-quarter.
- 17 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q1 2025 and 19 closed out, a net change of -2 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q1 2025 was Merit Financial Group, an estimated $27.1M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q1 2025 was Stonebridge Advisors, an estimated $6.87M sold.
Based on aggregated 13F filings for Q1 2025.