First Trust SSI Strategic Convertible Securities ETF
FCVT
47 hedge funds and large institutions have $85.7M invested in First Trust SSI Strategic Convertible Securities ETF in 2018 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 8 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
163% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 8
36% more capital invested
Capital invested by funds: $63M → $85.7M (+$22.7M)
18% more funds holding
Funds holding: 40 → 47 (+7)
6.2% less ownership
Funds ownership: 59.03% → 52.84% (-6.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
+$6.61M |
| 2 |
Morgan Stanley
New York
|
+$6.33M |
| 3 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$2.08M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.71M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$1.37M |
| 2 |
BCM
Bluefin Capital Management
New York
|
-$658K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$282K |
| 4 |
RFM
Royal Fund Management
Lady Lake,
Florida
|
-$235K |
| 5 |
PFGIA
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
|
-$112K |
FCVT Hedge Fund Activity: Q2 2018 in Review
47 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q2 2018, worth a combined $85.7M — up 36% from $63M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FCVT positions and 3 closed out — a net gain of 8 holders — while 21 added to existing stakes and 8 trimmed.
The largest buyer was Transamerica Financial Advisors, opening a new position worth an estimated $6.61M. The largest seller was IHT Wealth Management, exiting entirely with an estimated $1.37M sold.
- 47 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q2 2018, up from 40 in Q1 2018.
- Funds reported $85.7M of First Trust SSI Strategic Convertible Securities ETF stock for Q2 2018, up 36% quarter-over-quarter.
- 11 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q2 2018 and 3 closed out, a net change of +8 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q2 2018 was Transamerica Financial Advisors, an estimated $6.61M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q2 2018 was IHT Wealth Management, an estimated $1.37M sold.
Based on aggregated 13F filings for Q2 2018.