First Trust SSI Strategic Convertible Securities ETF
FCVT
42 hedge funds and large institutions have $53.8M invested in First Trust SSI Strategic Convertible Securities ETF in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 19 reducing their positions, and 8 closing their positions.
0.66% more ownership
Funds ownership: 50.07% → 50.73% (+0.66%)
9% less funds holding
Funds holding: 46 → 42 (-4)
9% less capital invested
Capital invested by funds: $59.1M → $53.8M (-$5.27M)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
68% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$4.31M |
| 2 |
EC
Elequin Capital
New York
|
+$2.27M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.75M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$424K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$137K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$5.88M |
| 2 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$1.94M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$1.7M |
| 4 |
Morgan Stanley
New York
|
-$1.65M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.3M |
FCVT Hedge Fund Activity: Q2 2023 in Review
42 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q2 2023, worth a combined $53.8M — down 8.9% from $59.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FCVT and 4 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 6 added.
The largest buyer was Jane Street, adding an estimated $4.31M. The largest seller was LPL Financial, cutting an estimated $5.88M.
- 42 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q2 2023, down from 46 in Q1 2023.
- Funds reported $53.8M of First Trust SSI Strategic Convertible Securities ETF stock for Q2 2023, down 8.9% quarter-over-quarter.
- 4 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q2 2023 and 8 closed out, a net change of -4 holders.
- The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q2 2023 was Jane Street, an estimated $4.31M added.
- The largest First Trust SSI Strategic Convertible Securities ETF seller in Q2 2023 was LPL Financial, an estimated $5.88M sold.
Based on aggregated 13F filings for Q2 2023.