FIRST TRUST DIVIDEND AND INCOME FD COM
FAV
FAV was delisted on the 21st of October, 2016.
28 hedge funds and large institutions have $25.7M invested in FIRST TRUST DIVIDEND AND INCOME FD COM in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 4 closing their positions.
22% more capital invested
Capital invested by funds: $21M → $25.7M (+$4.65M)
0% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 10
7% less funds holding
Funds holding: 30 → 28 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$4.92M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.35M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.04M |
| 4 |
Citigroup
New York
|
+$350K |
| 5 |
LPL Financial
San Diego,
California
|
+$341K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.16M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$816K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$436K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$106K |
| 5 |
RVPG
Relative Value Partners Group
|
-$72.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| $11K | – | – | – |
|
|
FAM
27
Formidable Asset Management
Cincinnati,
Ohio
| $8K | – | – | – |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $1K | -$2.66K | -333 | -74% |
|
|
IA
29
IFP Advisors
Tampa,
Florida
| – | -$33K | -3,923 | Closed |
|
30
AssetMark Inc
Concord,
California
| – | -$8K | -1,000 | Closed |
|
31
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1K | -200 | Closed |
|
32
Barclays
London,
United Kingdom
| – | -$1K | -100 | Closed |
|
FAV Hedge Fund Activity: Q1 2016 in Review
28 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST DIVIDEND AND INCOME FD COM (FAV) for Q1 2016, worth a combined $25.7M — up 22% from $21M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FAV and 2 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 10 added.
The largest buyer was Bulldog Investors, adding an estimated $4.92M. The largest seller was Morgan Stanley, cutting an estimated $3.16M.
- 28 institutional investors held FIRST TRUST DIVIDEND AND INCOME FD COM (FAV) as of Q1 2016, down from 30 in Q4 2015.
- Funds reported $25.7M of FIRST TRUST DIVIDEND AND INCOME FD COM stock for Q1 2016, up 22% quarter-over-quarter.
- 2 funds opened new FIRST TRUST DIVIDEND AND INCOME FD COM positions in Q1 2016 and 4 closed out, a net change of -2 holders.
- The largest FIRST TRUST DIVIDEND AND INCOME FD COM buyer in Q1 2016 was Bulldog Investors, an estimated $4.92M added.
- The largest FIRST TRUST DIVIDEND AND INCOME FD COM seller in Q1 2016 was Morgan Stanley, an estimated $3.16M sold.
Based on aggregated 13F filings for Q1 2016.