First Trust SSI Strategic Convertible Securities ETF
FCVT
48 hedge funds and large institutions have $87.6M invested in First Trust SSI Strategic Convertible Securities ETF in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 11 reducing their positions, and 6 closing their positions.
118% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 11
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 47 → 48 (+1)
2% more capital invested
Capital invested by funds: $85.7M → $87.6M (+$1.97M)
6.12% less ownership
Funds ownership: 52.84% → 46.71% (-6.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$3.57M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.01M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.17M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.14M |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$4.91M |
| 2 |
Morgan Stanley
New York
|
-$4.55M |
| 3 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
-$2.08M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.59M |
| 5 |
BCM
Bluefin Capital Management
New York
|
-$863K |
FCVT Hedge Fund Activity: Q3 2018 in Review
48 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q3 2018, worth a combined $87.6M — up 2.3% from $85.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FCVT positions and 6 closed out — a net gain of 1 holder — while 24 added to existing stakes and 11 trimmed.
The largest buyer was Stifel Financial, adding an estimated $3.57M. The largest seller was Transamerica Financial Advisors, cutting an estimated $4.91M.
- 48 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q3 2018, up from 47 in Q2 2018.
- Funds reported $87.6M of First Trust SSI Strategic Convertible Securities ETF stock for Q3 2018, up 2.3% quarter-over-quarter.
- 7 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q3 2018 and 6 closed out, a net change of +1 holder.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q3 2018 was Stifel Financial, an estimated $3.57M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q3 2018 was Transamerica Financial Advisors, an estimated $4.91M sold.
Based on aggregated 13F filings for Q3 2018.