First Trust SSI Strategic Convertible Securities ETF
FCVT
55 hedge funds and large institutions have $108M invested in First Trust SSI Strategic Convertible Securities ETF in 2020 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
20% more funds holding
Funds holding: 46 → 55 (+9)
7% more capital invested
Capital invested by funds: $101M → $108M (+$6.75M)
9.77% less ownership
Funds ownership: 57.73% → 47.96% (-9.8%)
48% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 21
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$4.51M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.39M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.3M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$823K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$398K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
-$5.71M |
| 2 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$5.6M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.26M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.99M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OPS
51
Orion Portfolio Solutions
Omaha,
Nebraska
| $35K | +$32.7K | +1,000 | New |
|
52
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $29K | +$26.1K | +800 | New |
|
|
SFS
53
Sowell Financial Services
North Little Rock,
Arkansas
| $17K | -$113K | -3,456 | -88% |
|
54
Rockefeller Capital Management
New York
| $16K | +$15K | +459 | New |
|
55
Fifth Third Bancorp
Cincinnati,
Ohio
| $8K | – | – | – |
|
56
Verition Fund Management
Greenwich,
Connecticut
| – | -$727K | -25,418 | Closed |
|
57
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$536K | -19,408 | Closed |
|
58
Mercer Global Advisors
Denver,
Colorado
| – | -$409K | -14,302 | Closed |
|
|
FAAS
59
First Allied Advisory Services
San Diego,
California
| – | -$275K | -9,629 | Closed |
|
FCVT Hedge Fund Activity: Q2 2020 in Review
55 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q2 2020, worth a combined $108M — up 6.7% from $101M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FCVT positions and 4 closed out — a net gain of 9 holders — while 11 added to existing stakes and 21 trimmed.
The largest buyer was Jane Street, adding an estimated $4.51M. The largest seller was MML Investors Services, cutting an estimated $5.71M.
- 55 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q2 2020, up from 46 in Q1 2020.
- Funds reported $108M of First Trust SSI Strategic Convertible Securities ETF stock for Q2 2020, up 6.7% quarter-over-quarter.
- 13 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q2 2020 and 4 closed out, a net change of +9 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q2 2020 was Jane Street, an estimated $4.51M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q2 2020 was MML Investors Services, an estimated $5.71M sold.
Based on aggregated 13F filings for Q2 2020.