First Trust Institutional Preferred Securities and Income ETF
FPEI
210 hedge funds and large institutions have $1.52B invested in First Trust Institutional Preferred Securities and Income ETF in 2026 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 88 increasing their positions, 66 reducing their positions, and 26 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 66
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
3% more capital invested
Capital invested by funds: $1.47B → $1.52B (+$49M)
1% less funds holding
Funds holding: 212 → 210 (-2)
1.53% less ownership
Funds ownership: 80.77% → 79.24% (-1.5%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$27.7M |
| 2 |
Morgan Stanley
New York
|
+$27M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$26.4M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$15.4M |
| 5 |
LC
Legacy CG
Plano,
Texas
|
+$8.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
-$26.3M |
| 2 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$6.89M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$6.41M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$6.19M |
| 5 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$3.44M |
FPEI Hedge Fund Activity: Q1 2026 in Review
210 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in First Trust Institutional Preferred Securities and Income ETF (FPEI) for Q1 2026, worth a combined $1.52B — up 3.3% from $1.47B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FPEI positions and 26 closed out — a net gain of 2 holders — while 88 added to existing stakes and 66 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $27.7M. The largest seller was Merit Financial Group, cutting an estimated $26.3M.
- 210 institutional investors held First Trust Institutional Preferred Securities and Income ETF (FPEI) as of Q1 2026, down from 212 in Q4 2025.
- Funds reported $1.52B of First Trust Institutional Preferred Securities and Income ETF stock for Q1 2026, up 3.3% quarter-over-quarter.
- 28 funds opened new First Trust Institutional Preferred Securities and Income ETF positions in Q1 2026 and 26 closed out, a net change of +2 holders.
- The largest First Trust Institutional Preferred Securities and Income ETF buyer in Q1 2026 was Jane Street, an estimated $27.7M added.
- The largest First Trust Institutional Preferred Securities and Income ETF seller in Q1 2026 was Merit Financial Group, an estimated $26.3M sold.
Based on aggregated 13F filings for Q1 2026.