First Trust SSI Strategic Convertible Securities ETF
FCVT
46 hedge funds and large institutions have $101M invested in First Trust SSI Strategic Convertible Securities ETF in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 23 reducing their positions, and 16 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.4% less ownership
Funds ownership: 59.13% → 57.73% (-1.4%)
19% less funds holding
Funds holding: 57 → 46 (-11)
23% less capital invested
Capital invested by funds: $131M → $101M (-$30.1M)
52% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 23
56% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$5.67M |
| 2 |
Morgan Stanley
New York
|
+$3.03M |
| 3 |
AFA
American Financial Advisors
Marietta,
Georgia
|
+$2.77M |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$1.59M |
| 5 |
AI
Atria Investments
Charlotte,
North Carolina
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$6.07M |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
-$4.55M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$3.75M |
| 4 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$3.71M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$3.3M |
FCVT Hedge Fund Activity: Q1 2020 in Review
46 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q1 2020, worth a combined $101M — down 23% from $131M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FCVT and 7 opened new positions — a net loss of 9 holders — while 23 trimmed existing stakes and 11 added.
The largest buyer was MML Investors Services, adding an estimated $5.67M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $6.07M.
- 46 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q1 2020, down from 57 in Q4 2019.
- Funds reported $101M of First Trust SSI Strategic Convertible Securities ETF stock for Q1 2020, down 23% quarter-over-quarter.
- 7 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q1 2020 and 16 closed out, a net change of -9 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q1 2020 was MML Investors Services, an estimated $5.67M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q1 2020 was Raymond James Financial Services Advisors, an estimated $6.07M sold.
Based on aggregated 13F filings for Q1 2020.