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First Trust SSI Strategic Convertible Securities ETF
FCVT

68 hedge funds and large institutions have $150M invested in First Trust SSI Strategic Convertible Securities ETF in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

8% more capital invested

Capital invested by funds: $139M → $150M (+$10.8M)

6.74% more ownership

Funds ownership: 65.06% → 71.8% (+6.7%)

12% less funds holding

Funds holding: 77 → 68 (-9)

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
68
Holders Change
-9
Holders Change %
-11.69%
% of All Funds
1.07%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
8
Increased
26
Reduced
19
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WA
Win Advisors
Florida
+$14.9M
2
Bank of America
Bank of America
North Carolina
+$10.8M
3
SAM
Synergy Asset Management
Washington
+$7.12M
4
Citadel Advisors
Citadel Advisors
Florida
+$4.25M
5
CA
Continuum Advisory
Idaho
+$2.07M

Top Sellers

Rank Fund Capital Flow
1
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
-$5.47M
2
RJA
Raymond James & Associates
Florida
-$3.3M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$3.13M
4
TPCW
TD Private Client Wealth
New York
-$3.06M
5
GIA
Gladstone Institutional Advisory
Florida
-$2.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
26
Stratos Wealth Partners
Ohio
$645K -$27.5K -723 -4%
PFS
27
Prospera Financial Services
Texas
$611K -$479K -12,596 -44%
TSWM
28
Tyler-Stone Wealth Management
Ohio
$549K +$66.4K +1,744 +14%
SW
29
SkyOak Wealth
Michigan
$544K – – –
BAM
30
Belpointe Asset Management
Nevada
$530K +$60.5K +1,590 +13%
Verition Fund Management
31
Verition Fund Management
Connecticut
$492K +$293K +7,695 +153%
WEPOG
32
Wealth Enhancement & Preservation of GA
Georgia
$478K +$105K +2,750 +29%
US Bancorp
33
US Bancorp
Minnesota
$432K +$111K +2,915 +36%
CAN
34
Cetera Advisor Networks
California
$394K -$85.5K -2,247 -18%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$384K +$36K +947 +11%
AWS
36
Atria Wealth Solutions
New York
$381K +$374K +9,835 New
EH
37
Equitable Holdings
New York
$375K +$24.9K +655 +7%
FIA
38
Foundations Investment Advisors
Arizona
$371K +$122K +3,193 +48%
SB
39
Strategic Blueprint
Georgia
$351K +$38.1K +1,001 +12%
SI
40
Stephens Inc
Arkansas
$340K – – –
WI
41
Wintrust Investments
Illinois
$326K – – –
AC
42
Avestar Capital
New York
$306K +$40.3K +1,060 +16%
PWP
43
Pursue Wealth Partners
California
$304K – – –
WIA
44
World Investment Advisors
California
$304K – – –
CCA
45
Cottonwood Capital Advisors
Utah
$300K -$48.1K -1,263 -14%
CAP
46
Columbia Advisory Partners
Washington
$278K +$273K +7,172 New
PAG
47
Private Advisor Group
New Jersey
$263K -$14.8K -389 -5%
TF
48
Trek Financial
Arizona
$247K +$242K +6,370 New
AWA
49
Acorn Wealth Advisors
Michigan
$211K +$3.65K +96 +2%
BPA
50
Beacon Pointe Advisors
California
$205K +$202K +5,298 New
1
2
3 4

FCVT Hedge Fund Activity: Q1 2022 in Review

68 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2022, worth a combined $150M — up 7.7% from $139M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FCVT and 8 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 26 added.

The largest buyer was Win Advisors, adding an estimated $14.9M. The largest seller was Carson Wealth (CWM LLC), cutting an estimated $5.47M.

  • 68 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2022, down from 77 in Q4 2021.
  • Funds reported $150M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2022, up 7.7% quarter-over-quarter.
  • 8 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2022 and 15 closed out, a net change of -7 holders.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2022 was Win Advisors, an estimated $14.9M added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2022 was Carson Wealth (CWM LLC), an estimated $5.47M sold.

Based on aggregated 13F filings for Q1 2022.