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First Trust SSI Strategic Convertible Securities ETF

73 hedge funds and large institutions have $174M invested in First Trust SSI Strategic Convertible Securities ETF in 2020 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

138% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 8

38% more capital invested

Capital invested by funds: $125M → $174M (+$48.2M)

26% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 19

18% more funds holding

Funds holding: 6273 (+11)

11.75% more ownership

Funds ownership: 47.68%59.44% (+12%)

Holders
73
Holders Change
+11
Holders Change %
+17.74%
% of All Funds
1.29%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
19
Increased
24
Reduced
19
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AFA
1
American Financial Advisors
Georgia
$20.5M +$22.3K +503 +0.1%
RJFSA
2
Raymond James Financial Services Advisors
Florida
$20.2M +$1.09M +24,485 +6%
LPL Financial
3
LPL Financial
California
$13.6M +$938K +21,127 +8%
Bank of America
4
Bank of America
North Carolina
$13.2M +$246K +5,535 +2%
SAM
5
Synergy Asset Management
Washington
$12.5M +$11.3M +254,570 New
Morgan Stanley
6
Morgan Stanley
New York
$10.6M +$1.15M +25,797 +14%
Citadel Advisors
7
Citadel Advisors
Florida
$8.17M -$2.34M -52,785 -24%
Carson Wealth (CWM LLC)
8
Carson Wealth (CWM LLC)
Nebraska
$6.98M
GIA
9
Gladstone Institutional Advisory
Florida
$6.86M +$1.5M +33,849 +32%
RJA
10
Raymond James & Associates
Florida
$6.65M +$1.43M +32,131 +31%
Osaic Holdings
11
Osaic Holdings
Arizona
$6.34M +$267K +6,025 +5%
CAG
12
Csenge Advisory Group
Florida
$6.19M +$724K +16,319 +15%
CAS
13
Coppell Advisory Solutions
Texas
$3.72M +$3.38M +76,038 New
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$3.1M -$423K -9,525 -13%
PFS
15
Prospera Financial Services
Texas
$2.06M +$1.87M +42,125 New
Cambridge Investment Research Advisors
16
Cambridge Investment Research Advisors
Iowa
$1.99M -$106K -2,395 -6%
Goldman Sachs
17
Goldman Sachs
New York
$1.92M
AI
18
Atria Investments
North Carolina
$1.89M -$37.3K -841 -2%
Envestnet Asset Management
19
Envestnet Asset Management
Illinois
$1.75M +$23.2K +523 +1%
BFEC
20
Benjamin F. Edwards & Company
Missouri
$1.62M -$210K -4,729 -13%
Jane Street
21
Jane Street
New York
$1.6M -$2.15M -48,441 -60%
RA
22
RiverTree Advisors
Florida
$1.46M +$1.33M +29,867 New
RWA
23
Redhawk Wealth Advisors
Minnesota
$1.36M +$1.24M +27,884 New
KAS
24
Kestra Advisory Services
Texas
$1.3M +$441K +9,933 +60%
Janney Montgomery Scott
25
Janney Montgomery Scott
Pennsylvania
$1.08M +$978K +22,037 New

FCVT Hedge Fund Activity: Q4 2020 in Review

73 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q4 2020, worth a combined $174M — up 38% from $125M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new FCVT positions and 8 closed out — a net gain of 11 holders — while 24 added to existing stakes and 19 trimmed.

The largest buyer was Prospera Financial Services, opening a new position worth an estimated $1.87M. The largest seller was Citadel Advisors, cutting an estimated $2.34M.

  • 73 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q4 2020, up from 62 in Q3 2020.
  • Funds reported $174M of First Trust SSI Strategic Convertible Securities ETF stock for Q4 2020, up 38% quarter-over-quarter.
  • 19 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q4 2020 and 8 closed out, a net change of +11 holders.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q4 2020 was Prospera Financial Services, an estimated $1.87M added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q4 2020 was Citadel Advisors, an estimated $2.34M sold.

Based on aggregated 13F filings for Q4 2020.