First Trust SSI Strategic Convertible Securities ETF
FCVT
68 hedge funds and large institutions have $150M invested in First Trust SSI Strategic Convertible Securities ETF in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
37% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 19
8% more capital invested
Capital invested by funds: $139M → $150M (+$10.8M)
6.74% more ownership
Funds ownership: 65.06% → 71.8% (+6.7%)
12% less funds holding
Funds holding: 77 → 68 (-9)
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Win Advisors
Palm Beach Gardens,
Florida
|
+$14.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$10.8M |
| 3 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
+$7.12M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.25M |
| 5 |
CA
Continuum Advisory
Eagle,
Idaho
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$5.47M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.3M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.13M |
| 4 |
TPCW
TD Private Client Wealth
New York
|
-$3.06M |
| 5 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$2.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASN
76
Advisory Services Network
Atlanta,
Georgia
| – | -$203K | -4,894 | Closed |
|
|
PMG
77
ProVise Management Group
Clearwater,
Florida
| – | -$200K | -4,836 | Closed |
|
|
SCA
78
Snowden Capital Advisors
New York
| – | -$123K | -2,984 | Closed |
|
|
GWM
79
Geneos Wealth Management
Englewood,
Colorado
| – | -$116K | -2,815 | Closed |
|
80
Wells Fargo
San Francisco,
California
| – | -$92.1K | -2,421 | -100% |
|
|
LC
81
Lindbrook Capital
Calabasas,
California
| – | -$29K | -700 | Closed |
|
|
CA
82
CoreCap Advisors
Southfield,
Michigan
| – | -$6K | -150 | Closed |
|
FCVT Hedge Fund Activity: Q1 2022 in Review
68 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2022, worth a combined $150M — up 7.7% from $139M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FCVT and 8 opened new positions — a net loss of 7 holders — while 19 trimmed existing stakes and 26 added.
The largest buyer was Win Advisors, adding an estimated $14.9M. The largest seller was Carson Wealth (CWM LLC), cutting an estimated $5.47M.
- 68 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2022, down from 77 in Q4 2021.
- Funds reported $150M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2022, up 7.7% quarter-over-quarter.
- 8 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2022 and 15 closed out, a net change of -7 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2022 was Win Advisors, an estimated $14.9M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2022 was Carson Wealth (CWM LLC), an estimated $5.47M sold.
Based on aggregated 13F filings for Q1 2022.