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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.3M |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
+$1.79M |
| 3 |
Jane Street
New York
|
+$1.26M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.17M |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$5.87M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$4.77M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$3.08M |
| 4 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$1.86M |
| 5 |
SCA
Snowden Capital Advisors
New York
|
-$1.59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
51
Cetera Advisors
Denver,
Colorado
| – | -$272K | -8,808 | Closed |
|
|
SPC
52
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$224K | -7,276 | Closed |
|
|
GTAM
53
Global Trust Asset Management
West Palm Beach,
Florida
| – | -$160K | -5,200 | Closed |
|
|
SPIA
54
Steward Partners Investment Advisory
New York
| – | -$58K | -1,900 | Closed |
|
|
OIA
55
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$31K | -1,000 | Closed |
|
|
APA
56
American Portfolios Advisors
Holbrook,
New York
| – | -$6.9K | -224 | Closed |
|
57
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$3K | -100 | Closed |
|
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.