FIRST TRUST DIVIDEND AND INCOME FD COM
FAV
FAV was delisted on the 21st of October, 2016.
25 hedge funds and large institutions have $34.6M invested in FIRST TRUST DIVIDEND AND INCOME FD COM in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
10% more capital invested
Capital invested by funds: $31.5M → $34.6M (+$3.07M)
9% more funds holding
Funds holding: 23 → 25 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$4.53M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$833K |
| 3 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
+$204K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$54.5K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$20.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$1.31M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$486K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$290K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$275K |
| 5 |
RVPG
Relative Value Partners Group
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
26
Karpus Investment Management
Pittsford,
New York
| – | -$275K | -30,609 | Closed |
|
27
Envestnet Asset Management
Chicago,
Illinois
| – | -$91K | -10,071 | Closed |
|
FAV Hedge Fund Activity: Q3 2016 in Review
25 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST DIVIDEND AND INCOME FD COM (FAV) for Q3 2016, worth a combined $34.6M — up 9.7% from $31.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FAV positions and 2 closed out — a net gain of 2 holders — while 6 added to existing stakes and 13 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $4.53M. The largest seller was Icon Advisers, cutting an estimated $1.31M.
- 25 institutional investors held FIRST TRUST DIVIDEND AND INCOME FD COM (FAV) as of Q3 2016, up from 23 in Q2 2016.
- Funds reported $34.6M of FIRST TRUST DIVIDEND AND INCOME FD COM stock for Q3 2016, up 9.7% quarter-over-quarter.
- 4 funds opened new FIRST TRUST DIVIDEND AND INCOME FD COM positions in Q3 2016 and 2 closed out, a net change of +2 holders.
- The largest FIRST TRUST DIVIDEND AND INCOME FD COM buyer in Q3 2016 was Bulldog Investors, an estimated $4.53M added.
- The largest FIRST TRUST DIVIDEND AND INCOME FD COM seller in Q3 2016 was Icon Advisers, an estimated $1.31M sold.
Based on aggregated 13F filings for Q3 2016.