First Trust SSI Strategic Convertible Securities ETF
FCVT
77 hedge funds and large institutions have $160M invested in First Trust SSI Strategic Convertible Securities ETF in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 32 reducing their positions, and 6 closing their positions.
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
5% more funds holding
Funds holding: 73 → 77 (+4)
4.07% less ownership
Funds ownership: 59.44% → 55.37% (-4.1%)
8% less capital invested
Capital invested by funds: $174M → $160M (-$13.1M)
34% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 32
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
Trilogy Capital
Irvine,
California
|
+$7.55M |
| 2 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
+$3.95M |
| 3 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
+$2.21M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.96M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$12.1M |
| 2 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$6.65M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.67M |
| 5 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$1.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
76
Tower Research Capital (TRC)
New York
| $5K | +$5.09K | +98 | New |
|
|
MA
77
Montag & Associates
Atlanta,
Georgia
| $1K | +$1.3K | +25 | New |
|
|
RWA
78
Redhawk Wealth Advisors
Minneapolis,
Minnesota
| – | -$1.36M | -27,884 | Closed |
|
79
Ameriprise
Minneapolis,
Minnesota
| – | -$228K | -4,649 | Closed |
|
|
CFGS
80
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$202K | -3,885 | Closed |
|
81
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$11K | -224 | Closed |
|
|
CAAS
82
Capital Asset Advisory Services
Williamston,
Michigan
| – | -$2K | -40 | Closed |
|
83
AssetMark Inc
Concord,
California
| – | -$1K | -11 | Closed |
|
FCVT Hedge Fund Activity: Q1 2021 in Review
77 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2021, worth a combined $160M — down 7.6% from $174M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FCVT positions and 6 closed out — a net gain of 5 holders — while 21 added to existing stakes and 32 trimmed.
The largest buyer was Trilogy Capital, opening a new position worth an estimated $7.55M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $12.1M.
- 77 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2021, up from 73 in Q4 2020.
- Funds reported $160M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2021, down 7.6% quarter-over-quarter.
- 11 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2021 and 6 closed out, a net change of +5 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2021 was Trilogy Capital, an estimated $7.55M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2021 was Raymond James Financial Services Advisors, an estimated $12.1M sold.
Based on aggregated 13F filings for Q1 2021.