First Trust Institutional Preferred Securities and Income ETF
FPEI
212 hedge funds and large institutions have $1.47B invested in First Trust Institutional Preferred Securities and Income ETF in 2025 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 99 increasing their positions, 58 reducing their positions, and 9 closing their positions.
289% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 9
71% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 58
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
13% more funds holding
Funds holding: 188 → 212 (+24)
8% more capital invested
Capital invested by funds: $1.37B → $1.47B (+$106M)
0.68% more ownership
Funds ownership: 80.08% → 80.77% (+0.68%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$38.3M |
| 2 |
CPSAC
Chas P. Smith & Associates (CPS)
Lakeland,
Florida
|
+$19.2M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.84M |
| 4 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$3.86M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$3.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$4.41M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$3.29M |
| 3 |
WF
Wayfinding Financial
Lynnwood,
Washington
|
-$3.06M |
| 4 |
VBA
von Borstel & Associates
The Dalles,
Oregon
|
-$2.65M |
| 5 |
EWP
Elevation Wealth Partners
Santa Rosa,
California
|
-$2.24M |
FPEI Hedge Fund Activity: Q4 2025 in Review
212 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q4 2025, worth a combined $1.47B — up 7.7% from $1.37B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new FPEI positions and 9 closed out — a net gain of 26 holders — while 99 added to existing stakes and 58 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $38.3M. The largest seller was Synergy Asset Management, cutting an estimated $4.41M.
- 212 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q4 2025, up from 188 in Q3 2025.
- Funds reported $1.47B of First Trust Institutional Preferred Securities and Income ETF stock for Q4 2025, up 7.7% quarter-over-quarter.
- 35 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q4 2025 and 9 closed out, a net change of +26 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q4 2025 was Morgan Stanley, an estimated $38.3M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q4 2025 was Synergy Asset Management, an estimated $4.41M sold.
Based on aggregated 13F filings for Q4 2025.