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First Trust SSI Strategic Convertible Securities ETF
FCVT

73 hedge funds and large institutions have $174M invested in First Trust SSI Strategic Convertible Securities ETF in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

138% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 8

38% more capital invested

Capital invested by funds: $125M → $174M (+$48.2M)

26% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 19

18% more funds holding

Funds holding: 62 → 73 (+11)

11.75% more ownership

Funds ownership: 47.68% → 59.44% (+12%)

Holders
73
Holders Change
+11
Holders Change %
+17.74%
% of All Funds
1.29%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
19
Increased
24
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PFS
Prospera Financial Services
Texas
+$1.87M
2
GIA
Gladstone Institutional Advisory
Florida
+$1.5M
3
RJA
Raymond James & Associates
Florida
+$1.43M
4
RWA
Redhawk Wealth Advisors
Minnesota
+$1.24M
5
Morgan Stanley
Morgan Stanley
New York
+$1.15M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$2.34M
2
Jane Street
Jane Street
New York
-$2.15M
3
FTUS
Flow Traders U.S.
New York
-$1.89M
4
OMC
Old Mission Capital
Illinois
-$1.06M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$872K
Name Holding Trade Value Shares
Change 		Change in
Stake
RIG
51
Ramiah Investment Group
Wisconsin
$236K -$5.95K -134 -3%
Ameriprise
52
Ameriprise
Minnesota
$228K +$206K +4,649 New
FIA
53
Foundations Investment Advisors
Arizona
$226K +$195K +4,403 New
HighTower Advisors
54
HighTower Advisors
Illinois
$226K +$204K +4,602 New
EHC
55
Everett Harris & Co
California
$220K +$200K +4,500 New
DWMG
56
DB Wealth Management Group
California
$219K +$199K +4,478 New
PMG
57
ProVise Management Group
Florida
$216K +$196K +4,407 New
GLA
58
Good Life Advisors
Pennsylvania
$213K +$194K +4,360 New
AWA
59
Arkadios Wealth Advisors
Georgia
$203K +$533 +12 +0.3%
CFGS
60
Concourse Financial Group Securities
Alabama
$190K -$16.4K -369 -9%
FRA
61
Front Row Advisors
California
$147K – – –
Wells Fargo
62
Wells Fargo
California
$139K +$7.9K +178 +7%
SPIA
63
Steward Partners Investment Advisory
New York
$122K – – –
GWM
64
Geneos Wealth Management
Colorado
$115K -$7.55K -170 -7%
MIM
65
MTM Investment Management
South Carolina
$104K +$94.6K +2,130 New
DWP
66
Destiny Wealth Partners
Florida
$78K +$70.4K +1,586 New
UBS Group
67
UBS Group
Switzerland
$76K +$54K +1,217 +368%
HIA
68
Harbor Investment Advisory
Maryland
$49K – – –
CAPTRUST Financial Advisors
69
CAPTRUST Financial Advisors
North Carolina
$39K – – –
William Blair & Company
70
William Blair & Company
Illinois
$36K – – –
Fifth Third Bancorp
71
Fifth Third Bancorp
Ohio
$11K – – –
CAAS
72
Capital Asset Advisory Services
Michigan
$2K +$1.78K +40 New
AssetMark Inc
73
AssetMark Inc
California
$1K +$488 +11 New
FTUS
74
Flow Traders U.S.
New York
– -$1.89M -46,843 Closed
OMC
75
Old Mission Capital
Illinois
– -$1.06M -26,377 Closed
1 2
3
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FCVT Hedge Fund Activity: Q4 2020 in Review

73 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q4 2020, worth a combined $174M — up 38% from $125M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FCVT positions and 8 closed out — a net gain of 11 holders — while 24 added to existing stakes and 19 trimmed.

The largest buyer was Prospera Financial Services, opening a new position worth an estimated $1.87M. The largest seller was Citadel Advisors, cutting an estimated $2.34M.

  • 73 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q4 2020, up from 62 in Q3 2020.
  • Funds reported $174M of First Trust SSI Strategic Convertible Securities ETF stock for Q4 2020, up 38% quarter-over-quarter.
  • 19 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q4 2020 and 8 closed out, a net change of +11 holders.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q4 2020 was Prospera Financial Services, an estimated $1.87M added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q4 2020 was Citadel Advisors, an estimated $2.34M sold.

Based on aggregated 13F filings for Q4 2020.