First Trust SSI Strategic Convertible Securities ETF
FCVT
9 hedge funds and large institutions have $16.1M invested in First Trust SSI Strategic Convertible Securities ETF in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 3 closing their positions.
258% more capital invested
Capital invested by funds: $4.49M → $16.1M (+$11.6M)
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
82.56% more ownership
Funds ownership: 0% → 82.56% (+83%)
50% more funds holding
Funds holding: 6 → 9 (+3)
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$6.7M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$5.93M |
| 3 |
IH
IFC Holdings
Tampa,
Florida
|
+$1.33M |
| 4 |
JP Morgan Chase
New York
|
+$1.11M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$727K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$4.2M |
| 2 |
Jane Street
New York
|
-$204K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.57K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Bank of America
Charlotte,
North Carolina
| $6.86M | +$6.7M | +261,161 | +10,459% |
|
|
RJFSA
2
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| $6.01M | +$5.93M | +231,042 | New |
|
|
IH
3
IFC Holdings
Tampa,
Florida
| $1.35M | +$1.33M | +51,760 | New |
|
|
4
JP Morgan Chase
New York
| $1.12M | +$1.11M | +43,117 | New |
|
|
VKH
5
Virtu KCG Holdings
New York
| $736K | +$727K | +28,324 | New |
|
|
WA
6
WFG Advisors
Dallas,
Texas
| $13K | – | – | – |
|
|
TRCT
7
Tower Research Capital (TRC)
New York
| $8K | -$2.57K | -100 | -25% |
|
|
IA
8
IFP Advisors
Tampa,
Florida
| $8K | +$7.57K | +295 | New |
|
|
LTFS
9
Ladenburg Thalmann Financial Services
Miami,
Florida
| $6K | +$5.47K | +213 | New |
|
|
10
Goldman Sachs
New York
| – | -$4.2M | -165,000 | Closed |
|
|
11
Jane Street
New York
| – | -$204K | -7,779 | Closed |
|
FCVT Hedge Fund Activity: Q4 2016 in Review
9 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q4 2016, worth a combined $16.1M — up 258% from $4.49M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FCVT positions and 3 closed out — a net gain of 3 holders — while 1 added to existing stakes and 1 trimmed.
The largest buyer was Bank of America, adding an estimated $6.7M. The largest seller was Goldman Sachs, exiting entirely with an estimated $4.2M sold.
- 9 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q4 2016, up from 6 in Q3 2016.
- Funds reported $16.1M of First Trust SSI Strategic Convertible Securities ETF stock for Q4 2016, up 258% quarter-over-quarter.
- 6 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q4 2016 and 3 closed out, a net change of +3 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q4 2016 was Bank of America, an estimated $6.7M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q4 2016 was Goldman Sachs, an estimated $4.2M sold.
Based on aggregated 13F filings for Q4 2016.