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First Trust SSI Strategic Convertible Securities ETF
FCVT

55 hedge funds and large institutions have $108M invested in First Trust SSI Strategic Convertible Securities ETF in 2020 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 4

20% more funds holding

Funds holding: 46 → 55 (+9)

7% more capital invested

Capital invested by funds: $101M → $108M (+$6.75M)

9.77% less ownership

Funds ownership: 57.73% → 47.96% (-9.8%)

48% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 21

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
55
Holders Change
+9
Holders Change %
+19.57%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
13
Increased
11
Reduced
21
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$4.51M
2
Bank of America
Bank of America
North Carolina
+$1.39M
3
RJA
Raymond James & Associates
Florida
+$1.3M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$823K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$398K

Top Sellers

Rank Fund Capital Flow
1
MML Investors Services
MML Investors Services
Massachusetts
-$5.71M
2
GIA
Gladstone Institutional Advisory
Florida
-$5.6M
3
LPL Financial
LPL Financial
California
-$2.26M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.99M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
26
Citadel Advisors
Florida
$458K -$150K -4,584 -26%
UCFA
27
United Capital Financial Advisors
Texas
$454K -$26.2K -802 -6%
WI
28
Wintrust Investments
Illinois
$438K -$30.6K -937 -7%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$362K -$519K -15,902 -61%
FIA
30
Foundations Investment Advisors
Arizona
$361K +$323K +9,903 New
SI
31
Stephens Inc
Arkansas
$354K – – –
SIM
32
SSI Investment Management
California
$352K – – –
Baird Financial Group
33
Baird Financial Group
Wisconsin
$342K -$854K -26,146 -73%
Truist Financial
34
Truist Financial
North Carolina
$320K -$653 -20 -0.2%
FTUS
35
Flow Traders U.S.
New York
$290K +$267K +8,162 New
WIA
36
World Investment Advisors
California
$276K – – –
AWA
37
Acorn Wealth Advisors
Michigan
$275K +$253K +7,749 New
NFG
38
Next Financial Group
Texas
$268K +$240K +7,355 +3,502%
TF
39
Trek Financial
Arizona
$239K +$220K +6,733 New
SPC
40
Sigma Planning Corp
Michigan
$228K +$210K +6,433 New
PAG
41
Private Advisor Group
New Jersey
$219K +$201K +6,158 New
GLA
42
Good Life Advisors
Pennsylvania
$202K +$185K +5,679 New
CFGS
43
Concourse Financial Group Securities
Alabama
$157K +$145K +4,430 New
AWA
44
Arkadios Wealth Advisors
Georgia
$152K – – –
CAN
45
Cetera Advisor Networks
California
$142K +$131K +3,997 New
Wells Fargo
46
Wells Fargo
California
$94K – – –
SPIA
47
Steward Partners Investment Advisory
New York
$89K – – –
GWM
48
Geneos Wealth Management
Colorado
$87K +$24.5K +750 +43%
UBS Group
49
UBS Group
Switzerland
$55K +$50.4K +1,544 New
HIA
50
Harbor Investment Advisory
Maryland
$47K – – –
1
2
3

FCVT Hedge Fund Activity: Q2 2020 in Review

55 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q2 2020, worth a combined $108M — up 6.7% from $101M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FCVT positions and 4 closed out — a net gain of 9 holders — while 11 added to existing stakes and 21 trimmed.

The largest buyer was Jane Street, adding an estimated $4.51M. The largest seller was MML Investors Services, cutting an estimated $5.71M.

  • 55 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q2 2020, up from 46 in Q1 2020.
  • Funds reported $108M of First Trust SSI Strategic Convertible Securities ETF stock for Q2 2020, up 6.7% quarter-over-quarter.
  • 13 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q2 2020 and 4 closed out, a net change of +9 holders.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q2 2020 was Jane Street, an estimated $4.51M added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q2 2020 was MML Investors Services, an estimated $5.71M sold.

Based on aggregated 13F filings for Q2 2020.