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First Trust SSI Strategic Convertible Securities ETF

41 hedge funds and large institutions have $35.3M invested in First Trust SSI Strategic Convertible Securities ETF in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% less funds holding

Funds holding: 4241 (-1)

11.55% less ownership

Funds ownership: 50.73%39.18% (-12%)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

34% less capital invested

Capital invested by funds: $53.8M → $35.3M (-$18.5M)

88% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 24

Holders
41
Holders Change
-1
Holders Change %
-2.38%
% of All Funds
0.65%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
3
Reduced
24
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PWP
26
Pursue Wealth Partners
California
$249K
BFEC
27
Benjamin F. Edwards & Company
Missouri
$213K -$10K -311 -4%
Stifel Financial
28
Stifel Financial
Missouri
$209K +$217K +6,724 New
PFS
29
Prospera Financial Services
Texas
$208K -$27.7K -859 -11%
SI
30
Stephens Inc
Arkansas
$207K
TSWM
31
Tyler-Stone Wealth Management
Ohio
$91K
HIA
32
Harbor Investment Advisory
Maryland
$26.4K -$4.83K -150 -15%
NS
33
NBC Securities
Alabama
$22K +$23.6K +731 New
IA
34
IFP Advisors
Florida
$19.4K
LAS
35
LWM Advisory Services
Florida
$15.7K +$16.3K +505 New
SPIA
36
Steward Partners Investment Advisory
New York
$15.5K
Carson Wealth (CWM LLC)
37
Carson Wealth (CWM LLC)
Nebraska
$13K -$7.06K -219 -35%
Comerica Bank
38
Comerica Bank
Texas
$9.32K +$9.67K +300 New
William Blair & Company
39
William Blair & Company
Illinois
$9.17K
HI
40
Harbour Investments
Wisconsin
$1.27K -$612 -19 -32%
Wells Fargo
41
Wells Fargo
California
$42 -$32.2K -1,000 -100%
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
-$1.8M -55,083 Closed
Envestnet Asset Management
43
Envestnet Asset Management
Illinois
-$1.12M -34,254 Closed
WI
44
Wintrust Investments
Illinois
-$269K -8,225 Closed
Commonwealth Equity Services
45
Commonwealth Equity Services
Massachusetts
-$228K -6,989 Closed
CFGS
46
Concourse Financial Group Securities
Alabama
-$219K -6,800 Closed
UBS Group
47
UBS Group
Switzerland
-$50.1K -1,534 Closed
FRA
48
Front Row Advisors
California
-$16K -500 Closed

FCVT Hedge Fund Activity: Q3 2023 in Review

41 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q3 2023, worth a combined $35.3M — down 34% from $53.8M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FCVT and 6 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 3 added.

The largest buyer was Cetera Advisor Networks, adding an estimated $541K. The largest seller was Jane Street, cutting an estimated $7.06M.

  • 41 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q3 2023, down from 42 in Q2 2023.
  • Funds reported $35.3M of First Trust SSI Strategic Convertible Securities ETF stock for Q3 2023, down 34% quarter-over-quarter.
  • 6 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q3 2023 and 7 closed out, a net change of -1 holder.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q3 2023 was Cetera Advisor Networks, an estimated $541K added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q3 2023 was Jane Street, an estimated $7.06M sold.

Based on aggregated 13F filings for Q3 2023.