First Trust Institutional Preferred Securities and Income

FPEI • ARCA

First Trust Institutional Preferred Securities and Income is an exchange-traded fund on ARCA. As of Q3 2025, 174 institutional investors hold shares in this ETF, with total holdings valued at $1.2B. MORGAN STANLEY is the largest holder with a position valued at $320.3M.

Overview

Overview of institutional ownership in FPEI as of Q3 2025

All Institutions

Institutions: 174
Value Held: $1.2B
Shares Held: 63.6M
Avg Position: $7.1M
Median Position: $819.1K

Hedge Funds

Hedge Funds: 3
Value Held: $2.9M
Shares Held: 149.8K
Avg Position: $966.0K
Median Position: $560.4K

Biggest Investors

Institutions with the largest positions in FPEI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$320.3M 0.02% of portfolio	16.6M shares	Q4 2022 Held for 2y 11m	$1.65T
UBS Group AG Institution	Sergio P. Ermotti CEO	$170.7M 0.03% of portfolio	8.8M shares	Q4 2022 Held for 2y 11m	$511.54B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$87.9M 0.01% of portfolio	4.5M shares	Q4 2022 Held for 2y 11m	$1.33T
L LPL Financial LLC Institution	-	$82.6M 0.02% of portfolio	4.3M shares	Q4 2022 Held for 2y 11m	$340.07B
Goss Wealth Management LLC RIA/Wealth	Alexander Thomas Goss CEO	$47.9M 0.22% of portfolio	2.5M shares	Q4 2022 Held for 2y 11m	$21.8B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$34.9M 0.01% of portfolio	1.8M shares	Q4 2022 Held for 2y 11m	$341.99B
Merit Financial Group, LLC RIA/Wealth	Rick Lee Kent CEO	$32.0M 0.30% of portfolio	1.7M shares	Q1 2025 Held for 8 months	$10.7B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$31.9M 0.01% of portfolio	1.6M shares	Q4 2024 Held for 11 months	$310.43B
M Montis Financial, LLC RIA/Wealth	John Michael Yanchek CEO	$30.3M 7.00% of portfolio	1.6M shares	Q2 2025 Held for 5 months	$433.6M
S SMITH CHAS P & ASSOCIATES PA CPAS Institution	-	$26.9M 2.37% of portfolio	1.4M shares	Q1 2024 Held for 1y 8m	$1.1B

Net Capital Flow

Institutional buying and selling activity for FPEI in Q3 2025

Traded: +$62.5M
Buyers: 97
Sellers: 78
Total Bought: +$130.6M
Total Sold: −$68.0M
Avg Position: $6.4M

Biggest Buyers

Institution	Net Bought	Current Position
M Montis Financial, LLC RIA/Wealth	+$30.1M +1.6M shares	$30.3M 1.6M shares
MORGAN STANLEY RIA/Wealth	+$21.6M +1.1M shares	$320.3M 16.6M shares
F FUKOKU MUTUAL LIFE INSURANCE Co Institution	+$12.4M +639.0K shares	$24.3M 1.3M shares
L LPL Financial LLC Institution	+$10.5M +542.1K shares	$82.6M 4.3M shares
Wright Fund Managment, LLC Long Only Manager	+$6.9M +355.5K shares	$6.9M 355.5K shares
UBS Group AG Institution	+$4.0M +204.9K shares	$170.7M 8.8M shares
BANK OF AMERICA CORP /DE/ Institution	+$3.9M +200.9K shares	$87.9M 4.5M shares
Synergy Financial Management, LLC RIA/Wealth	+$3.8M +202.3K shares	$7.7M 404.7K shares
Synergy Investment Management, LLC RIA/Wealth	+$3.8M +195.7K shares	$3.8M 195.7K shares
MARSHALL INVESTMENT MANAGEMENT, LLC RIA/Wealth	+$2.5M +127.4K shares	$2.7M 140.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
S SMITH CHAS P & ASSOCIATES PA CPAS Institution	−$17.4M −901.4K shares	$26.9M 1.4M shares
ADAMSBROWN WEALTH CONSULTANTS LLC RIA/Wealth	−$8.3M −426.6K shares	$8.4M 436.4K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$7.0M −359.5K shares	$31.9M 1.6M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$4.9M −251.3K shares	$34.9M 1.8M shares
SIGNATURE SECURITIES GROUP CORPORATION RIA/Wealth	−$2.8M −142.4K shares	$1.1M 57.6K shares
Clark Capital Management Group, Inc. RIA/Wealth	−$2.5M −129.8K shares	$2.7M 137.6K shares
RFG Advisory Group, LLC RIA/Wealth	−$2.4M −123.4K shares	$685.2K 35.4K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$2.2M −115.8K shares	Sold Off 0 shares
Financial Advocates Investment Management RIA/Wealth	−$2.0M −107.4K shares	Sold Off 0 shares
FIRST TRUST ADVISORS LP ETF Provider	−$1.7M −88.6K shares	$3.4M 173.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FPEI in Q3 2025

New Positions: 20
New Value: $14.9M
Exited Positions: 16
Exited Value: $7.1M

New Positions

Institution	Position Value
Wright Fund Managment, LLC Long Only Manager	$6.9M 355.5K shares
FLYNN ZITO CAPITAL MANAGEMENT, LLC RIA/Wealth	$2.1M 107.7K shares
NBC SECURITIES, INC. RIA/Wealth	$1.5M 79.5K shares
Ritter Daniher Financial Advisory LLC / DE RIA/Wealth	$940.9K 48.7K shares
Summit Financial, LLC RIA/Wealth	$675.5K 34.9K shares
T TBH Global Asset Management, LLC RIA/Wealth	$570.9K 29.5K shares
Brand Asset Management Group, Inc. RIA/Wealth	$521.4K 27.0K shares
Apollon Wealth Management, LLC RIA/Wealth	$471.8K 24.4K shares
Harvest Investment Services, LLC RIA/Wealth	$316.4K 16.4K shares
S STEINBERGANNA WEALTH MANAGEMENT RIA/Wealth	$308.3K 15.9K shares

Exited Positions

Institution	Previous Position
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$2.2M 115.8K shares
Financial Advocates Investment Management RIA/Wealth	$2.0M 107.4K shares
Gladstone Institutional Advisory LLC RIA/Wealth	$1.0M 54.2K shares
Brookwood Investment Group LLC RIA/Wealth	$444.2K 23.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$362.7K 19.1K shares
SYNOVUS FINANCIAL CORP Institution	$219.9K 11.6K shares
DAVENPORT & Co LLC RIA/Wealth	$207.2K 10.9K shares
KINGSWOOD WEALTH ADVISORS, LLC RIA/Wealth	$203.2K 10.7K shares
Integrated Wealth Concepts LLC RIA/Wealth	$195.1K 10.3K shares
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ Institution	$95.0K 5.0K shares

Options Activity

Institutions with the largest Call and Put options positions in FPEI as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with FPEI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M Montis Financial, LLC RIA/Wealth	John Michael Yanchek CEO	7.00% $30.3M	1.6M shares	Q2 2025 Held for 5 months	$433.6M
INTEGRAL INVESTMENT ADVISORS, INC. RIA/Wealth	Michael Thomas Abram President	3.07% $11.4M	588.0K shares	Q3 2023 Held for 2y 2m	$370.9M
Essex LLC RIA/Wealth	James Walter Hartwell CEO	2.38% $13.1M	678.1K shares	Q4 2022 Held for 2y 11m	$550.0M
S SMITH CHAS P & ASSOCIATES PA CPAS Institution	-	2.37% $26.9M	1.4M shares	Q1 2024 Held for 1y 8m	$1.1B
ADAMSBROWN WEALTH CONSULTANTS LLC RIA/Wealth	Justin Trent Mitchell Partner	2.33% $8.4M	436.4K shares	Q4 2022 Held for 2y 11m	$363.0M
V VISTA INVESTMENT MANAGEMENT RIA/Wealth	John Daniel Frankola CEO	1.81% $5.2M	268.0K shares	Q4 2022 Held for 2y 11m	$286.4M
E Elevated Capital Advisors, LLC RIA/Wealth	Sean Patrick Lee Managing Partner	1.74% $6.9M	358.4K shares	Q4 2022 Held for 2y 11m	$398.5M
WINEBRENNER CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Earl George Winebrenner Managing Partner	1.69% $2.3M	120.2K shares	Q4 2024 Held for 11 months	$137.9M
Key FInancial Inc RIA/Wealth	Patricia Clark Brennan CEO	1.51% $8.1M	420.9K shares	Q1 2023 Held for 2y 8m	$541.0M
F FUKOKU MUTUAL LIFE INSURANCE Co Institution	-	1.50% $24.3M	1.3M shares	Q2 2025 Held for 5 months	$1.6B

Hedge Fund Spotlight

Discover hedge funds investing in FPEI

ELEQUIN CAPITAL LP

Hedge Fund • Multi-Strategy

Portfolio ManagerPeter German Gutierrez

Portfolio Value: $864.9M
Positions: 104
Last Reported: Q3 2025

Sector Allocation

Position in First Trust Institutional Preferred Securities and Income

Market Value: $12.0K
Shares Held: 622.0
Portfolio Weight: 0.00%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$204.2M	23.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$77.7M	8.98%
3 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$56.6M	6.54%