First Trust SSI Strategic Convertible Securities ETF
FCVT
68 hedge funds and large institutions have $102M invested in First Trust SSI Strategic Convertible Securities ETF in 2022 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 12 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
5% more capital invested
Capital invested by funds: $96.3M → $102M (+$5.26M)
2.16% more ownership
Funds ownership: 54.03% → 56.19% (+2.2%)
1% more funds holding
Funds holding: 67 → 68 (+1)
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$6.14M |
| 2 |
Rockefeller Capital Management
New York
|
+$2.54M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.49M |
| 4 |
AFA
American Financial Advisors
Marietta,
Georgia
|
+$2.34M |
| 5 |
Morgan Stanley
New York
|
+$2.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$9.25M |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
-$2.71M |
| 3 |
Jane Street
New York
|
-$2.59M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.44M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$892K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$25K | -800 | Closed |
|
|
SWM
77
SeaCrest Wealth Management
Purchase,
New York
| – | -$19K | -600 | Closed |
|
|
TRCT
78
Tower Research Capital (TRC)
New York
| – | -$10K | -329 | Closed |
|
|
CA
79
CoreCap Advisors
Southfield,
Michigan
| – | -$5K | -150 | Closed |
|
80
Fidelity Investments
Boston,
Massachusetts
| – | +$33 | +1 | New |
|
FCVT Hedge Fund Activity: Q3 2022 in Review
68 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q3 2022, worth a combined $102M — up 5.5% from $96.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FCVT positions and 12 closed out — a net gain of 1 holder — while 23 added to existing stakes and 15 trimmed.
The largest buyer was Carson Wealth (CWM LLC), adding an estimated $6.14M. The largest seller was Bank of America, cutting an estimated $9.25M.
- 68 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q3 2022, up from 67 in Q2 2022.
- Funds reported $102M of First Trust SSI Strategic Convertible Securities ETF stock for Q3 2022, up 5.5% quarter-over-quarter.
- 13 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q3 2022 and 12 closed out, a net change of +1 holder.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q3 2022 was Carson Wealth (CWM LLC), an estimated $6.14M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q3 2022 was Bank of America, an estimated $9.25M sold.
Based on aggregated 13F filings for Q3 2022.