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.
39% more capital inflows, than outflows
Capital inflows: $3.55M | Capital outflows: $2.55M
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
7% more funds holding
Funds holding: 28 → 30 (+2)
1.26% more ownership
Funds ownership: 20.32% → 21.57% (+1.3%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.16M |
| 2 |
Morgan Stanley
New York
|
+$558K |
| 3 |
LPL Financial
San Diego,
California
|
+$393K |
| 4 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$352K |
| 5 |
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$222K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Proficio Capital Partners
Newton,
Massachusetts
|
-$1.07M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$319K |
| 3 |
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 |
BDCS Hedge Fund Activity: Q4 2017 in Review
30 of the 4,420 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.