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First Trust SSI Strategic Convertible Securities ETF

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.

New
Increased
Maintained
Reduced
Closed

0.66% more ownership

Funds ownership: 50.07%50.73% (+0.66%)

9% less capital invested

Capital invested by funds: $58.9M → $53.8M (-$5.02M)

9% less funds holding

Funds holding: 4642 (-4)

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

Holders
42
Holders Change
-4
Holders Change %
-8.7%
% of All Funds
0.66%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
6
Reduced
19
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Jane Street
1
Jane Street
New York
$9.42M +$4.31M +135,816 +89%
LPL Financial
2
LPL Financial
California
$6.77M -$5.88M -185,549 -47%
Morgan Stanley
3
Morgan Stanley
New York
$5.08M -$1.65M -52,162 -25%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$4.49M +$137K +4,313 +3%
RJA
5
Raymond James & Associates
Florida
$3.01M -$146K -4,610 -5%
Osaic Holdings
6
Osaic Holdings
Arizona
$2.97M -$478K -15,078 -14%
FHB
7
First Hawaiian Bank
Hawaii
$2.53M
EC
8
Elequin Capital
New York
$2.33M +$2.27M +71,490 New
Bank of America
9
Bank of America
North Carolina
$2.03M -$735K -23,167 -27%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$1.8M +$1.75M +55,083 New
AFA
11
American Financial Advisors
Georgia
$1.72M -$377K -11,895 -18%
GC
12
Guggenheim Capital
Illinois
$1.4M -$18.7K -590 -1%
RJFSA
13
Raymond James Financial Services Advisors
Florida
$1.19M -$112K -3,523 -9%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$1.12M -$1.3M -40,852 -54%
Cambridge Investment Research Advisors
15
Cambridge Investment Research Advisors
Iowa
$873K -$99.2K -3,129 -10%
KAS
16
Kestra Advisory Services
Texas
$799K -$1.7M -53,657 -69%
FCM
17
Family Capital Management
Michigan
$754K
DADC
18
D.A. Davidson & Co
Montana
$559K +$5.55K +175 +1%
CWM
19
Concentrum Wealth Management
California
$516K +$127 +4 +0%
CAN
20
Cetera Advisor Networks
California
$460K -$21K -663 -4%
CCA
21
Cottonwood Capital Advisors
Utah
$459K -$11.7K -369 -3%
SW
22
SkyOak Wealth
Michigan
$443K
Susquehanna International Group
23
Susquehanna International Group
Pennsylvania
$437K +$424K +13,387 New
SWP
24
Stratos Wealth Partners
Ohio
$419K +$11.1K +350 +3%
CAG
25
Csenge Advisory Group
Florida
$295K -$46.4K -1,463 -14%

FCVT Hedge Fund Activity: Q2 2023 in Review

42 of the 6,369 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 8.5% from $58.9M 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 8.5% 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.