First Trust SSI Strategic Convertible Securities ETF
FCVT
52 hedge funds and large institutions have $94.5M invested in First Trust SSI Strategic Convertible Securities ETF in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
21% more capital invested
Capital invested by funds: $78.3M → $94.5M (+$16.2M)
16% more funds holding
Funds holding: 45 → 52 (+7)
0.38% more ownership
Funds ownership: 48.63% → 49.01% (+0.38%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFA
American Financial Advisors
Marietta,
Georgia
|
+$5.87M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$4.64M |
| 3 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$4.01M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$2.17M |
| 5 |
CL
Cabana LLC
Fayetteville,
Arkansas
|
+$976K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.06M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
-$3.41M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.13M |
| 4 |
NFG
Next Financial Group
Houston,
Texas
|
-$1.01M |
| 5 |
Jane Street
New York
|
-$987K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fifth Third Bancorp
Cincinnati,
Ohio
| $9K | – | – | – |
|
|
IA
52
IFP Advisors
Tampa,
Florida
| $5K | -$205K | -6,914 | -98% |
|
|
53
Ameriprise
Minneapolis,
Minnesota
| – | -$1.13M | -40,875 | Closed |
|
|
NFG
54
Next Financial Group
Houston,
Texas
| – | -$1.01M | -36,659 | Closed |
|
55
CIBC World Market
Toronto,
Ontario, Canada
| – | -$984K | -35,756 | Closed |
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$534K | -19,434 | Closed |
|
57
UBS Group
Zurich,
Switzerland
| – | -$180K | -6,561 | Closed |
|
|
1NWS
58
1 North Wealth Services
Annapolis,
Maryland
| – | -$25K | -919 | Closed |
|
|
MOS
59
MGO One Seven
Beachwood,
Ohio
| – | -$11K | -422 | Closed |
|
FCVT Hedge Fund Activity: Q1 2019 in Review
52 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2019, worth a combined $94.5M — up 21% from $78.3M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FCVT positions and 7 closed out — a net gain of 7 holders — while 16 added to existing stakes and 18 trimmed.
The largest buyer was American Financial Advisors, opening a new position worth an estimated $5.87M. The largest seller was Morgan Stanley, cutting an estimated $7.06M.
- 52 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2019, up from 45 in Q4 2018.
- Funds reported $94.5M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2019, up 21% quarter-over-quarter.
- 14 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2019 and 7 closed out, a net change of +7 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2019 was American Financial Advisors, an estimated $5.87M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2019 was Morgan Stanley, an estimated $7.06M sold.
Based on aggregated 13F filings for Q1 2019.