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First Trust SSI Strategic Convertible Securities ETF

41 hedge funds and large institutions have $35.3M invested in First Trust SSI Strategic Convertible Securities ETF in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% less funds holding

Funds holding: 4241 (-1)

11.55% less ownership

Funds ownership: 50.73%39.18% (-12%)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

34% less capital invested

Capital invested by funds: $53.8M → $35.3M (-$18.5M)

88% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 24

Holders
41
Holders Change
-1
Holders Change %
-2.38%
% of All Funds
0.65%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
3
Reduced
24
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
1
LPL Financial
California
$4.89M -$1.61M -50,037 -24%
Morgan Stanley
2
Morgan Stanley
New York
$4.73M -$106K -3,286 -2%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$2.98M -$1.34M -41,494 -30%
FHB
4
First Hawaiian Bank
Hawaii
$2.41M
Jane Street
5
Jane Street
New York
$2.16M -$7.06M -219,013 -76%
RJA
6
Raymond James & Associates
Florida
$2.11M -$777K -24,107 -26%
Bank of America
7
Bank of America
North Carolina
$1.88M -$50.2K -1,558 -3%
GC
8
Guggenheim Capital
Illinois
$1.33M -$870 -27 -0.1%
AFA
9
American Financial Advisors
Georgia
$1.33M -$324K -10,062 -19%
EC
10
Elequin Capital
New York
$1.33M -$929K -28,842 -40%
Osaic Holdings
11
Osaic Holdings
Arizona
$1.27M -$1.61M -49,992 -55%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$1.1M -$29.7K -922 -3%
CAN
13
Cetera Advisor Networks
California
$959K +$541K +16,774 +119%
FCM
14
Family Capital Management
Michigan
$717K
Cambridge Investment Research Advisors
15
Cambridge Investment Research Advisors
Iowa
$695K -$141K -4,370 -16%
Susquehanna International Group
16
Susquehanna International Group
Pennsylvania
$641K +$234K +7,247 +54%
KAS
17
Kestra Advisory Services
Texas
$495K -$275K -8,520 -35%
CWM
18
Concentrum Wealth Management
California
$489K -$1.55K -48 -0.3%
SWP
19
Stratos Wealth Partners
Ohio
$425K +$26.5K +823 +6%
CCA
20
Cottonwood Capital Advisors
Utah
$410K -$27.1K -841 -6%
SW
21
SkyOak Wealth
Michigan
$398K -$24.5K -760 -6%
Citadel Advisors
22
Citadel Advisors
Florida
$394K +$408K +12,665 New
EH
23
Equitable Holdings
New York
$305K +$317K +9,828 New
DADC
24
D.A. Davidson & Co
Montana
$299K -$242K -7,500 -44%
CAG
25
Csenge Advisory Group
Florida
$257K -$24.4K -758 -8%

FCVT Hedge Fund Activity: Q3 2023 in Review

41 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust SSI Strategic Convertible Securities ETF (FCVT) for Q3 2023, worth a combined $35.3M — down 34% from $53.8M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FCVT and 6 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 3 added.

The largest buyer was Cetera Advisor Networks, adding an estimated $541K. The largest seller was Jane Street, cutting an estimated $7.06M.

  • 41 institutional investors held First Trust SSI Strategic Convertible Securities ETF (FCVT) as of Q3 2023, down from 42 in Q2 2023.
  • Funds reported $35.3M of First Trust SSI Strategic Convertible Securities ETF stock for Q3 2023, down 34% quarter-over-quarter.
  • 6 funds opened new First Trust SSI Strategic Convertible Securities ETF positions in Q3 2023 and 7 closed out, a net change of -1 holder.
  • The largest First Trust SSI Strategic Convertible Securities ETF buyer in Q3 2023 was Cetera Advisor Networks, an estimated $541K added.
  • The largest First Trust SSI Strategic Convertible Securities ETF seller in Q3 2023 was Jane Street, an estimated $7.06M sold.

Based on aggregated 13F filings for Q3 2023.