FIRST TRUST DIVIDEND AND INCOME FD COM
FAV
FAV was delisted on the 21st of October, 2016.
30 hedge funds and large institutions have $21M invested in FIRST TRUST DIVIDEND AND INCOME FD COM in 2015 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 6 closing their positions.
111% more capital invested
Capital invested by funds: $9.98M → $21M (+$11M)
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
25% more funds holding
Funds holding: 24 → 30 (+6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$7.8M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.22M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.2M |
| 4 |
RVPG
Relative Value Partners Group
|
+$726K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$468K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.38M |
| 2 |
Morgan Stanley
New York
|
-$901K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$318K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$266K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$242K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
AssetMark Inc
Concord,
California
| $8K | +$8.23K | +1,000 | New |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $7K | -$31.5K | -3,832 | -82% |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $4K | +$2.24K | +272 | +153% |
|
29
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $1K | – | – | – |
|
30
Barclays
London,
United Kingdom
| $1K | +$823 | +100 | New |
|
|
KIM
31
Karpus Investment Management
Pittsford,
New York
| – | -$1.38M | -176,159 | Closed |
|
|
CA
32
Cornerstone Advisors
Asheville,
North Carolina
| – | -$318K | -40,712 | Closed |
|
|
WAM
33
Wolverine Asset Management
Chicago,
Illinois
| – | -$266K | -34,109 | Closed |
|
|
CCP
34
Clough Capital Partners
Boston,
Massachusetts
| – | -$242K | -31,000 | Closed |
|
|
LCM
35
Landscape Capital Management
Englewood,
New Jersey
| – | -$80K | -10,262 | Closed |
|
36
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$8K | -1,000 | Closed |
|
FAV Hedge Fund Activity: Q4 2015 in Review
30 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST DIVIDEND AND INCOME FD COM (FAV) for Q4 2015, worth a combined $21M — up 111% from $9.98M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FAV positions and 6 closed out — a net gain of 6 holders — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Bulldog Investors, opening a new position worth an estimated $7.8M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $1.38M sold.
- 30 institutional investors held FIRST TRUST DIVIDEND AND INCOME FD COM (FAV) as of Q4 2015, up from 24 in Q3 2015.
- Funds reported $21M of FIRST TRUST DIVIDEND AND INCOME FD COM stock for Q4 2015, up 111% quarter-over-quarter.
- 12 funds opened new FIRST TRUST DIVIDEND AND INCOME FD COM positions in Q4 2015 and 6 closed out, a net change of +6 holders.
- The largest FIRST TRUST DIVIDEND AND INCOME FD COM buyer in Q4 2015 was Bulldog Investors, an estimated $7.8M added.
- The largest FIRST TRUST DIVIDEND AND INCOME FD COM seller in Q4 2015 was Karpus Investment Management, an estimated $1.38M sold.
Based on aggregated 13F filings for Q4 2015.