First Trust SSI Strategic Convertible Securities ETF
FCVT
73 hedge funds and large institutions have $174M invested in First Trust SSI Strategic Convertible Securities ETF in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 8 closing their positions.
138% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 8
38% more capital invested
Capital invested by funds: $125M → $174M (+$48.2M)
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
18% more funds holding
Funds holding: 62 → 73 (+11)
11.75% more ownership
Funds ownership: 47.68% → 59.44% (+12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$1.87M |
| 2 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
+$1.5M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.43M |
| 4 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
+$1.24M |
| 5 |
Morgan Stanley
New York
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$2.34M |
| 2 |
Jane Street
New York
|
-$2.15M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$1.89M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.06M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
-$872K |
FCVT Hedge Fund Activity: Q4 2020 in Review
73 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q4 2020, worth a combined $174M — up 38% from $125M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FCVT positions and 8 closed out — a net gain of 11 holders — while 24 added to existing stakes and 19 trimmed.
The largest buyer was Prospera Financial Services, opening a new position worth an estimated $1.87M. The largest seller was Citadel Advisors, cutting an estimated $2.34M.
- 73 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q4 2020, up from 62 in Q3 2020.
- Funds reported $174M of First Trust SSI Strategic Convertible Securities ETF stock for Q4 2020, up 38% quarter-over-quarter.
- 19 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q4 2020 and 8 closed out, a net change of +11 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q4 2020 was Prospera Financial Services, an estimated $1.87M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q4 2020 was Citadel Advisors, an estimated $2.34M sold.
Based on aggregated 13F filings for Q4 2020.