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.
30 hedge funds and large institutions have $18M invested in UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com in 2017 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
7% more funds holding
Funds holding: 28 → 30 (+2)
0% more capital invested
Capital invested by funds: $18M → $18M (+$52.5K)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.16M |
| 2 |
Morgan Stanley
New York
|
+$558K |
| 3 |
LPL Financial
San Diego,
California
|
+$393K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$352K |
| 5 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$222K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$1.07M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$319K |
| 3 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$260K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$244K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$169K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ME
26
McIlrath & Eck
Arlington,
Washington
| $12K | +$12.7K | +600 | New |
|
|
GRP
27
Global Retirement Partners
San Rafael,
California
| $11K | – | – | – |
|
|
AAM
28
Advisors Asset Management
Monument,
Colorado
| $5K | – | – | – |
|
|
VIA
29
Vantage Investment Advisors
State College,
Pennsylvania
| $1K | +$739 | +35 | New |
|
|
PCP
30
Proficio Capital Partners
Newton,
Massachusetts
| – | -$1.07M | -48,810 | Closed |
|
|
ICOA
31
Investment Centers of America
Bismarck,
North Dakota
| – | -$260K | -11,867 | Closed |
|
|
32
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$244K | -11,118 | Closed |
|
33
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$154K | -6,989 | Closed |
|
|
BF
34
BOK Financial
Tulsa,
Oklahoma
| – | -$62K | -2,830 | Closed |
|
|
MCM
35
McKinley Capital Management
Anchorage,
Alaska
| – | -$8K | -350 | Closed |
|
|
NFG
36
Next Financial Group
Houston,
Texas
| – | -$6K | -265 | Closed |
|
BDCS Hedge Fund Activity: Q4 2017 in Review
30 of the 4,409 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 2017, worth a combined $18M — up 0.29% from $18M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BDCS positions and 7 closed out — a net gain of 2 holders — while 8 added to existing stakes and 9 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.16M. The largest seller was Proficio Capital Partners, exiting entirely with an estimated $1.07M sold.
- 30 institutional investors held UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com (BDCS) as of Q4 2017, up from 28 in Q3 2017.
- Funds reported $18M of UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com stock for Q4 2017, up 0.29% quarter-over-quarter.
- 9 funds opened new UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com positions in Q4 2017 and 7 closed out, a net change of +2 holders.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com buyer in Q4 2017 was Rivernorth Capital Management, an estimated $1.16M added.
- The largest UBS AG Exchange Traded Access Securities (E-TRACS)Linked to the Wells Fargo Business Development Com seller in Q4 2017 was Proficio Capital Partners, an estimated $1.07M sold.
Based on aggregated 13F filings for Q4 2017.