First Trust SSI Strategic Convertible Securities ETF
FCVT
57 hedge funds and large institutions have $131M invested in First Trust SSI Strategic Convertible Securities ETF in 2019 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 14 reducing their positions, and 8 closing their positions.
107% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 14
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
32% more capital invested
Capital invested by funds: $99.5M → $131M (+$31.5M)
8.41% more ownership
Funds ownership: 50.72% → 59.13% (+8.4%)
4% more funds holding
Funds holding: 55 → 57 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
+$3.98M |
| 2 |
AFA
American Financial Advisors
Marietta,
Georgia
|
+$3.49M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$3.24M |
| 4 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
+$3.23M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$995K |
| 2 |
CL
Cabana LLC
Fayetteville,
Arkansas
|
-$904K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$353K |
| 4 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
-$167K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$85.6K |
FCVT Hedge Fund Activity: Q4 2019 in Review
57 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q4 2019, worth a combined $131M — up 32% from $99.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FCVT positions and 8 closed out — a net gain of 3 holders — while 29 added to existing stakes and 14 trimmed.
The largest buyer was Verition Fund Management, adding an estimated $3.98M. The largest seller was Citadel Advisors, cutting an estimated $995K.
- 57 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q4 2019, up from 55 in Q3 2019.
- Funds reported $131M of First Trust SSI Strategic Convertible Securities ETF stock for Q4 2019, up 32% quarter-over-quarter.
- 11 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q4 2019 and 8 closed out, a net change of +3 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q4 2019 was Verition Fund Management, an estimated $3.98M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q4 2019 was Citadel Advisors, an estimated $995K sold.
Based on aggregated 13F filings for Q4 2019.