First Trust Institutional Preferred Securities and Income ETF
FPEI
182 hedge funds and large institutions have $1.27B invested in First Trust Institutional Preferred Securities and Income ETF in 2025 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 67 increasing their positions, 74 reducing their positions, and 16 closing their positions.
6% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 16
0% more funds holding
Funds holding: 182 → 182 (0)
0.59% less ownership
Funds ownership: 79.15% → 78.57% (-0.59%)
9% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 74
22% less capital inflows, than outflows
Capital inflows: $85.7M | Capital outflows: $110M
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$19M |
| 2 |
Annex Advisory Services
Brookfield,
Wisconsin
|
+$15.6M |
| 3 |
Citizens Financial Group
Providence,
Rhode Island
|
+$7M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$4.13M |
| 5 |
Geneos Wealth Management
Englewood,
Colorado
|
+$4.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$26.6M |
| 2 |
JP Morgan Chase
New York
|
-$19.3M |
| 3 |
Citizens Business Bank
Ontario,
California
|
-$17.5M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$7.54M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$5.06M |
FPEI Hedge Fund Activity: Q2 2025 in Review
182 of the 7,630 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q2 2025, worth a combined $1.27B — down 0.6% from $1.28B a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FPEI positions and 16 closed out — a net gain of 1 holder — while 67 added to existing stakes and 74 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $19M. The largest seller was Morgan Stanley, cutting an estimated $26.6M.
- 182 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $1.27B of First Trust Institutional Preferred Securities and Income ETF stock for Q2 2025, down 0.6% quarter-over-quarter.
- 17 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q2 2025 and 16 closed out, a net change of +1 holder.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q2 2025 was Royal Bank of Canada, an estimated $19M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q2 2025 was Morgan Stanley, an estimated $26.6M sold.
Based on aggregated 13F filings for Q2 2025.