UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com
BDCS
BDCS was delisted on the 25th of November, 2020.
27 hedge funds and large institutions have $15.5M invested in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
49% more capital invested
Capital invested by funds: $10.4M → $15.5M (+$5.11M)
23% more funds holding
Funds holding: 22 → 27 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.59M |
| 2 |
Jane Street
New York
|
+$915K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$504K |
| 4 |
CAS
Cue Advisory Services
Phoenix,
Arizona
|
+$474K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$306K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$245K |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$62.8K |
| 3 |
WA
WESPAC Advisors
Orinda,
California
|
-$38.6K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$16K |
| 5 |
MFP
Mosaic Financial Partners
San Francisco,
California
|
-$4.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAM
26
Advisors Asset Management
Monument,
Colorado
| $5K | – | – | – |
|
|
27
Envestnet Asset Management
Chicago,
Illinois
| – | -$245K | -11,095 | Closed |
|
BDCS Hedge Fund Activity: Q4 2016 in Review
27 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) for Q4 2016, worth a combined $15.5M — up 49% from $10.4M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BDCS positions and 1 closed out — a net gain of 6 holders — while 9 added to existing stakes and 6 trimmed.
The largest buyer was Ameriprise, adding an estimated $1.59M. The largest seller was Envestnet Asset Management, exiting entirely with an estimated $245K sold.
- 27 institutional investors held UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) as of Q4 2016, up from 22 in Q3 2016.
- Funds reported $15.5M of UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com stock for Q4 2016, up 49% quarter-over-quarter.
- 7 funds opened new UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com positions in Q4 2016 and 1 closed out, a net change of +6 holders.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com buyer in Q4 2016 was Ameriprise, an estimated $1.59M added.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com seller in Q4 2016 was Envestnet Asset Management, an estimated $245K sold.
Based on aggregated 13F filings for Q4 2016.