First Trust Senior Floating Rate Income Fund II
FCT
64 hedge funds and large institutions have $97.7M invested in First Trust Senior Floating Rate Income Fund II in 2021 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 13 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
92% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 13
8% more funds holding
Funds holding: 59 → 64 (+5)
1.52% more ownership
Funds ownership: 29.25% → 30.77% (+1.5%)
1% less capital invested
Capital invested by funds: $99.1M → $97.7M (-$1.31M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$1.61M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$814K |
| 3 |
LPL Financial
San Diego,
California
|
+$750K |
| 4 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$607K |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$595K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.64M |
| 2 |
Morgan Stanley
New York
|
-$1.26M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.19M |
| 4 |
EIA
Edgemoor Investment Advisors
Bethesda,
Maryland
|
-$923K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$702K |
FCT Hedge Fund Activity: Q3 2021 in Review
64 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate Income Fund II (FCT) for Q3 2021, worth a combined $97.7M — down 1.3% from $99.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FCT positions and 2 closed out — a net gain of 5 holders — while 25 added to existing stakes and 13 trimmed.
The largest buyer was D.A. Davidson & Co, opening a new position worth an estimated $1.61M. The largest seller was Commonwealth Equity Services, cutting an estimated $1.64M.
- 64 institutional investors held First Trust Senior Floating Rate Income Fund II (FCT) as of Q3 2021, up from 59 in Q2 2021.
- Funds reported $97.7M of First Trust Senior Floating Rate Income Fund II stock for Q3 2021, down 1.3% quarter-over-quarter.
- 7 funds opened new First Trust Senior Floating Rate Income Fund II positions in Q3 2021 and 2 closed out, a net change of +5 holders.
- The largest First Trust Senior Floating Rate Income Fund II buyer in Q3 2021 was D.A. Davidson & Co, an estimated $1.61M added.
- The largest First Trust Senior Floating Rate Income Fund II seller in Q3 2021 was Commonwealth Equity Services, an estimated $1.64M sold.
Based on aggregated 13F filings for Q3 2021.