FIRST TRUST DIVIDEND AND INCOME FD COM
FAV
FAV was delisted on the 21st of October, 2016.
23 hedge funds and large institutions have $31.5M invested in FIRST TRUST DIVIDEND AND INCOME FD COM in 2016 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
23% more capital invested
Capital invested by funds: $25.7M → $31.5M (+$5.82M)
18% less funds holding
Funds holding: 28 → 23 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.31M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.11M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$240K |
| 4 |
Citigroup
New York
|
+$216K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$78.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$883K |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$814K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$738K |
| 4 |
LPL Financial
San Diego,
California
|
-$547K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$203K |
FAV Hedge Fund Activity: Q2 2016 in Review
23 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in FIRST TRUST DIVIDEND AND INCOME FD COM (FAV) for Q2 2016, worth a combined $31.5M — up 23% from $25.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FAV and 2 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 9 added.
The largest buyer was Sit Investment Associates, adding an estimated $6.31M. The largest seller was Icon Advisers, cutting an estimated $883K.
- 23 institutional investors held FIRST TRUST DIVIDEND AND INCOME FD COM (FAV) as of Q2 2016, down from 28 in Q1 2016.
- Funds reported $31.5M of FIRST TRUST DIVIDEND AND INCOME FD COM stock for Q2 2016, up 23% quarter-over-quarter.
- 2 funds opened new FIRST TRUST DIVIDEND AND INCOME FD COM positions in Q2 2016 and 7 closed out, a net change of -5 holders.
- The largest FIRST TRUST DIVIDEND AND INCOME FD COM buyer in Q2 2016 was Sit Investment Associates, an estimated $6.31M added.
- The largest FIRST TRUST DIVIDEND AND INCOME FD COM seller in Q2 2016 was Icon Advisers, an estimated $883K sold.
Based on aggregated 13F filings for Q2 2016.