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First Trust SSI Strategic Convertible Securities ETF
FCVT

46 hedge funds and large institutions have $101M invested in First Trust SSI Strategic Convertible Securities ETF in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 23 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.4% less ownership

Funds ownership: 59.13% → 57.73% (-1.4%)

19% less funds holding

Funds holding: 57 → 46 (-11)

23% less capital invested

Capital invested by funds: $131M → $101M (-$30.1M)

52% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 23

56% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 16

Holders
46
Holders Change
-11
Holders Change %
-19.3%
% of All Funds
1.01%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
11
Reduced
23
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MML Investors Services
MML Investors Services
Massachusetts
+$5.67M
2
Morgan Stanley
Morgan Stanley
New York
+$3.03M
3
AFA
American Financial Advisors
Georgia
+$2.77M
4
BFEC
Benjamin F. Edwards & Company
Missouri
+$1.59M
5
AI
Atria Investments
North Carolina
+$1.19M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$6.07M
2
Verition Fund Management
Verition Fund Management
Connecticut
-$4.55M
3
AWM
AE Wealth Management
Kansas
-$3.75M
4
SS
Simplicity Solutions
Minnesota
-$3.71M
5
Bank of America
Bank of America
North Carolina
-$3.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
FIA
51
Foundations Investment Advisors
Arizona
– -$1.17M -34,970 Closed
SG
52
StoneX Group
New York
– -$406K -12,271 Closed
ASN
53
Advisory Services Network
Georgia
– -$378K -11,679 Closed
SCA
54
Snowden Capital Advisors
New York
– -$358K -10,823 Closed
AWA
55
Acorn Wealth Advisors
Michigan
– -$357K -10,601 Closed
SS
56
Sunbelt Securities
Texas
– -$292K -8,838 Closed
DWT
57
Dorsey & Whitney Trust
South Dakota
– -$252K -7,619 Closed
WA
58
Winfield Associates
Ohio
– -$230K -6,948 Closed
GLA
59
Good Life Advisors
Pennsylvania
– -$212K -6,405 Closed
PAG
60
Private Advisor Group
New Jersey
– -$204K -6,158 Closed
CFGS
61
Concourse Financial Group Securities
Alabama
– -$158K -4,872 Closed
1 2
3

FCVT Hedge Fund Activity: Q1 2020 in Review

46 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2020, worth a combined $101M — down 23% from $131M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of FCVT and 7 opened new positions — a net loss of 9 holders — while 23 trimmed existing stakes and 11 added.

The largest buyer was MML Investors Services, adding an estimated $5.67M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $6.07M.

  • 46 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2020, down from 57 in Q4 2019.
  • Funds reported $101M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2020, down 23% quarter-over-quarter.
  • 7 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2020 and 16 closed out, a net change of -9 holders.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2020 was MML Investors Services, an estimated $5.67M added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2020 was Raymond James Financial Services Advisors, an estimated $6.07M sold.

Based on aggregated 13F filings for Q1 2020.