First Trust SSI Strategic Convertible Securities ETF
FCVT
25 hedge funds and large institutions have $38.6M invested in First Trust SSI Strategic Convertible Securities ETF in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
25% more funds holding
Funds holding: 20 → 25 (+5)
15% more capital invested
Capital invested by funds: $33.6M → $38.6M (+$5.03M)
3.52% more ownership
Funds ownership: 67.42% → 70.93% (+3.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$2.74M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.6M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.09M |
| 4 |
LPL Financial
San Diego,
California
|
+$418K |
| 5 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$355K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.68M |
| 2 |
Jane Street
New York
|
-$791K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$218K |
| 4 |
IH
IFC Holdings
Tampa,
Florida
|
-$74.1K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$23.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Citadel Advisors
Miami,
Florida
| – | -$218K | -7,867 | Closed |
|
FCVT Hedge Fund Activity: Q3 2017 in Review
25 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q3 2017, worth a combined $38.6M — up 15% from $33.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FCVT positions and 1 closed out — a net gain of 7 holders — while 9 added to existing stakes and 4 trimmed.
The largest buyer was Virtu Financial, opening a new position worth an estimated $2.74M. The largest seller was Bank of America, cutting an estimated $2.68M.
- 25 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q3 2017, up from 20 in Q2 2017.
- Funds reported $38.6M of First Trust SSI Strategic Convertible Securities ETF stock for Q3 2017, up 15% quarter-over-quarter.
- 8 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q3 2017 and 1 closed out, a net change of +7 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q3 2017 was Virtu Financial, an estimated $2.74M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q3 2017 was Bank of America, an estimated $2.68M sold.
Based on aggregated 13F filings for Q3 2017.