First Trust SSI Strategic Convertible Securities ETF
FCVT
40 hedge funds and large institutions have $63M invested in First Trust SSI Strategic Convertible Securities ETF in 2018 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 18 increasing their positions, 2 reducing their positions, and 5 closing their positions.
800% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 2
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
59% more capital invested
Capital invested by funds: $39.6M → $63M (+$23.4M)
38% more funds holding
Funds holding: 29 → 40 (+11)
9.98% less ownership
Funds ownership: 69.02% → 59.03% (-10%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$6.37M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$5.62M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$2.59M |
| 4 |
HFS
HL Financial Services
Louisville,
Kentucky
|
+$1.82M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
-$3.38M |
| 2 |
Jane Street
New York
|
-$2.52M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.06M |
| 4 |
PAG
Private Advisory Group
Redmond,
Washington
|
-$310K |
| 5 |
APA
American Portfolios Advisors
Holbrook,
New York
|
-$12K |
FCVT Hedge Fund Activity: Q1 2018 in Review
40 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2018, worth a combined $63M — up 59% from $39.6M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FCVT positions and 5 closed out — a net gain of 12 holders — while 18 added to existing stakes and 2 trimmed.
The largest buyer was LPL Financial, adding an estimated $6.37M. The largest seller was Virtu Financial, exiting entirely with an estimated $3.38M sold.
- 40 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2018, up from 29 in Q4 2017.
- Funds reported $63M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2018, up 59% quarter-over-quarter.
- 17 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2018 and 5 closed out, a net change of +12 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2018 was LPL Financial, an estimated $6.37M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2018 was Virtu Financial, an estimated $3.38M sold.
Based on aggregated 13F filings for Q1 2018.