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First Trust SSI Strategic Convertible Securities ETF

47 hedge funds and large institutions have $85.7M invested in First Trust SSI Strategic Convertible Securities ETF in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 8 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

163% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 8

36% more capital invested

Capital invested by funds: $63M → $85.7M (+$22.7M)

18% more funds holding

Funds holding: 4047 (+7)

6.2% less ownership

Funds ownership: 59.03%52.84% (-6.2%)

Holders
47
Holders Change
+7
Holders Change %
+17.5%
% of All Funds
1.08%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
11
Increased
21
Reduced
8
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
FAAS
26
First Allied Advisory Services
California
$345K -$100K -3,363 -23%
BFEC
27
Benjamin F. Edwards & Company
Missouri
$298K +$22.4K +750 +8%
SI
28
Stephens Inc
Arkansas
$253K
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$253K +$7.42K +249 +3%
BTS
30
BB&T Securities
Virginia
$251K +$35.6K +1,194 +16%
WA
31
Winfield Associates
Ohio
$250K +$250K +8,400 New
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$235K +$53.4K +1,793 +29%
BA
33
BKS Advisors
Michigan
$228K +$228K +7,647 New
GLA
34
Good Life Advisors
Pennsylvania
$223K
Wells Fargo
35
Wells Fargo
California
$212K -$68.3K -2,293 -24%
RFM
36
Royal Fund Management
Florida
$203K -$235K -7,873 -54%
GWM
37
Geneos Wealth Management
Colorado
$123K +$77.5K +2,600 +168%
FGAM
38
Financial Gravity Asset Management
Texas
$117K +$116K +3,888 New
JP Morgan Chase
39
JP Morgan Chase
New York
$58K -$36K -1,209 -38%
OIA
40
OneDigital Investment Advisors
Kansas
$30K
CWA
41
Clarus Wealth Advisors
Arizona
$29K +$29.8K +1,000 New
QCIG
42
Quad-Cities Investment Group
Iowa
$23K +$22.4K +751 New
SPIA
43
Steward Partners Investment Advisory
New York
$12K +$11.9K +400 New
Fifth Third Bancorp
44
Fifth Third Bancorp
Ohio
$9K
APA
45
American Portfolios Advisors
New York
$6.67K
Manulife (Manufacturers Life Insurance)
46
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$5K
IWM
47
IHT Wealth Management
Illinois
-$1.37M -47,634 Closed
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
-$282K -9,631 Closed
PFGIA
49
Patriot Financial Group Insurance Agency
Massachusetts
-$112K -3,875 Closed
TRCT
50
Tower Research Capital (TRC)
New York
+$209 +7 New

FCVT Hedge Fund Activity: Q2 2018 in Review

47 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q2 2018, worth a combined $85.7M — up 36% from $63M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FCVT positions and 3 closed out — a net gain of 8 holders — while 21 added to existing stakes and 8 trimmed.

The largest buyer was Transamerica Financial Advisors, opening a new position worth an estimated $6.61M. The largest seller was IHT Wealth Management, exiting entirely with an estimated $1.37M sold.

  • 47 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q2 2018, up from 40 in Q1 2018.
  • Funds reported $85.7M of First Trust SSI Strategic Convertible Securities ETF stock for Q2 2018, up 36% quarter-over-quarter.
  • 11 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q2 2018 and 3 closed out, a net change of +8 holders.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q2 2018 was Transamerica Financial Advisors, an estimated $6.61M added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q2 2018 was IHT Wealth Management, an estimated $1.37M sold.

Based on aggregated 13F filings for Q2 2018.