First Trust SSI Strategic Convertible Securities ETF
FCVT
42 hedge funds and large institutions have $40.5M invested in First Trust SSI Strategic Convertible Securities ETF in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 24 reducing their positions, and 11 closing their positions.
6.19% less ownership
Funds ownership: 54.66% → 48.47% (-6.2%)
13% less funds holding
Funds holding: 48 → 42 (-6)
28% less capital invested
Capital invested by funds: $56.5M → $40.5M (-$16M)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
83% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisory Group
Redmond,
Washington
|
+$2.46M |
| 2 |
EC
Elequin Capital
New York
|
+$1.87M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.1M |
| 4 |
CA
Continuum Advisory
Eagle,
Idaho
|
+$129K |
| 5 |
T
Tidemark
San Diego,
California
|
+$83K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$11.8M |
| 2 |
Morgan Stanley
New York
|
-$3.55M |
| 3 |
RL
Retireful LLC
Haslett,
Michigan
|
-$2.97M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$2.39M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$929K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
51
Steward Partners Investment Advisory
New York
| – | -$16.7K | -500 | Closed |
|
|
PPC
52
Park Place Capital
Homewood,
Alabama
| – | -$3.57K | -107 | Closed |
|
53
Fidelity Investments
Boston,
Massachusetts
| – | -$33 | -1 | Closed |
|
FCVT Hedge Fund Activity: Q1 2024 in Review
42 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2024, worth a combined $40.5M — down 28% from $56.5M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FCVT and 6 opened new positions — a net loss of 5 holders — while 24 trimmed existing stakes and 4 added.
The largest buyer was Private Advisory Group, opening a new position worth an estimated $2.46M. The largest seller was Jane Street, cutting an estimated $11.8M.
- 42 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2024, down from 48 in Q4 2023.
- Funds reported $40.5M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2024, down 28% quarter-over-quarter.
- 6 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2024 and 11 closed out, a net change of -5 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2024 was Private Advisory Group, an estimated $2.46M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2024 was Jane Street, an estimated $11.8M sold.
Based on aggregated 13F filings for Q1 2024.