ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041
BDCZ
16 hedge funds and large institutions have $6.18M invested in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 in 2020 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
7% more funds holding
Funds holding: 15 → 16 (+1)
18.83% less ownership
Funds ownership: 32.1% → 13.27% (-19%)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
62% less capital invested
Capital invested by funds: $16.2M → $6.18M (-$10.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
+$498K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$194K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$88.4K |
| 4 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
+$32.4K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$11.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$11.7M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$290K |
| 3 |
HT
HAP Trading
New York
|
-$139K |
| 4 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$85.3K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$25.3K |
BDCZ Hedge Fund Activity: Q4 2020 in Review
16 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) for Q4 2020, worth a combined $6.18M — down 62% from $16.2M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new BDCZ positions and 1 closed out — a net gain of 1 holder — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Regal Investment Advisors, opening a new position worth an estimated $498K. The largest seller was Ameriprise, cutting an estimated $11.7M.
- 16 institutional investors held ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 (BDCZ) as of Q4 2020, up from 15 in Q3 2020.
- Funds reported $6.18M of ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 stock for Q4 2020, down 62% quarter-over-quarter.
- 2 funds opened new ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 positions in Q4 2020 and 1 closed out, a net change of +1 holder.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 buyer in Q4 2020 was Regal Investment Advisors, an estimated $498K added.
- The largest ETRACS MarketVector Business Development Companies Liquid Index ETN due Apr 26 2041 seller in Q4 2020 was Ameriprise, an estimated $11.7M sold.
Based on aggregated 13F filings for Q4 2020.