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First Trust SSI Strategic Convertible Securities ETF
FCVT

45 hedge funds and large institutions have $78.3M invested in First Trust SSI Strategic Convertible Securities ETF in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.91% more ownership

Funds ownership: 46.71% → 48.63% (+1.9%)

6% less funds holding

Funds holding: 48 → 45 (-3)

11% less capital invested

Capital invested by funds: $87.6M → $78.3M (-$9.35M)

25% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 12

48% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 21

Holders
45
Holders Change
-3
Holders Change %
-6.25%
% of All Funds
1%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
9
Increased
11
Reduced
21
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$8.3M
2
Verition Fund Management
Verition Fund Management
Connecticut
+$1.79M
3
Jane Street
Jane Street
New York
+$1.26M
4
Ameriprise
Ameriprise
Minnesota
+$1.17M
5
NFG
Next Financial Group
Texas
+$1.05M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$5.87M
2
RJA
Raymond James & Associates
Florida
-$4.77M
3
Stifel Financial
Stifel Financial
Missouri
-$3.08M
4
TFA
Transamerica Financial Advisors
Florida
-$1.86M
5
SCA
Snowden Capital Advisors
New York
-$1.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
AWA
26
Acorn Wealth Advisors
Michigan
$284K -$411K -14,363 -59%
FAAS
27
First Allied Advisory Services
California
$256K -$25.5K -892 -9%
SI
28
Stephens Inc
Arkansas
$234K – – –
BA
29
BKS Advisors
Michigan
$231K -$6.93K -242 -3%
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$224K -$88K -3,074 -27%
SCA
31
Snowden Capital Advisors
New York
$221K -$1.59M -55,452 -87%
GLA
32
Good Life Advisors
Pennsylvania
$206K +$344 +12 +0.2%
IA
33
IFP Advisors
Florida
$194K -$199K -6,956 -50%
Wells Fargo
34
Wells Fargo
California
$187K -$5.96K -208 -3%
UBS Group
35
UBS Group
Switzerland
$180K +$188K +6,561 New
BFEC
36
Benjamin F. Edwards & Company
Missouri
$172K -$116K -4,042 -39%
GWM
37
Geneos Wealth Management
Colorado
$161K – – –
JP Morgan Chase
38
JP Morgan Chase
New York
$54K – – –
TRCT
39
Tower Research Capital (TRC)
New York
$49K +$50.7K +1,770 New
1NWS
40
1 North Wealth Services
Maryland
$25K +$26.3K +919 New
CWA
41
Clarus Wealth Advisors
Arizona
$22K -$5.73K -200 -20%
QCIG
42
Quad-Cities Investment Group
Iowa
$20K +$29 +1 +0.1%
MOS
43
MGO One Seven
Ohio
$11K +$12.1K +422 New
CFGS
44
Concourse Financial Group Securities
Alabama
$10K +$9.59K +335 +670%
Fifth Third Bancorp
45
Fifth Third Bancorp
Ohio
$8K – – –
TFA
46
Transamerica Financial Advisors
Florida
– -$1.86M -60,251 Closed
Baird Financial Group
47
Baird Financial Group
Wisconsin
– -$777K -25,231 Closed
SG
48
StoneX Group
New York
– -$490K -15,906 Closed
BTS
49
BB&T Securities
Virginia
– -$333K -10,844 Closed
WA
50
Winfield Associates
Ohio
– -$289K -9,400 Closed
1
2
3

FCVT Hedge Fund Activity: Q4 2018 in Review

45 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q4 2018, worth a combined $78.3M — down 11% from $87.6M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of FCVT and 9 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 11 added.

The largest buyer was Morgan Stanley, adding an estimated $8.3M. The largest seller was Bank of America, cutting an estimated $5.87M.

  • 45 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q4 2018, down from 48 in Q3 2018.
  • Funds reported $78.3M of First Trust SSI Strategic Convertible Securities ETF stock for Q4 2018, down 11% quarter-over-quarter.
  • 9 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q4 2018 and 12 closed out, a net change of -3 holders.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q4 2018 was Morgan Stanley, an estimated $8.3M added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q4 2018 was Bank of America, an estimated $5.87M sold.

Based on aggregated 13F filings for Q4 2018.