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First Trust Dow Jones Select MicroCap Index Fund
FDM

58 hedge funds and large institutions have $63.5M invested in First Trust Dow Jones Select MicroCap Index Fund in 2022 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.16% less ownership

Funds ownership: 46.25% → 45.09% (-1.2%)

8% less funds holding

Funds holding: 63 → 58 (-5)

17% less capital invested

Capital invested by funds: $76.1M → $63.5M (-$12.6M)

35% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 26

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
58
Holders Change
-5
Holders Change %
-7.94%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
17
Reduced
26
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FAIM
Financial Advocates Investment Management
Washington
+$1.55M
2
Baird Financial Group
Baird Financial Group
Wisconsin
+$876K
3
TRCT
Tower Research Capital (TRC)
New York
+$433K
4
EWM
Empirical Wealth Management
Washington
+$406K
5
AWS
Atria Wealth Solutions
New York
+$227K

Top Sellers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.48M
2
Citadel Advisors
Citadel Advisors
Florida
-$953K
3
WP
WealthSource Partners
California
-$733K
4
UBS Group
UBS Group
Switzerland
-$524K
5
Stifel Financial
Stifel Financial
Missouri
-$429K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cetera Advisors
Colorado
$438K -$34.6K -618 -7%
HighTower Advisors
27
HighTower Advisors
Illinois
$397K -$86.7K -1,548 -17%
IFG
28
Independent Financial Group
California
$372K -$13.6K -243 -3%
APWA
29
Atlas Private Wealth Advisors
New Jersey
$368K +$1.96K +35 +0.5%
FWM
30
Frontier Wealth Management
Missouri
$367K -$56 -1 -0%
Mercer Global Advisors
31
Mercer Global Advisors
Colorado
$352K -$69.7K -1,244 -16%
Bank of America
32
Bank of America
North Carolina
$350K -$108K -1,931 -22%
SMC
33
Smith, Moore & Co
Missouri
$340K +$3.75K +67 +1%
AA
34
Aire Advisors
California
$286K +$56.5K +1,009 +23%
WP
35
WealthSource Partners
California
$237K -$733K -13,095 -74%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$230K -$1.18K -21 -0.5%
RJA
37
Raymond James & Associates
Florida
$222K -$25.1K -449 -10%
NGA
38
Naples Global Advisors
Florida
$218K – – –
WCFA
39
Walkner Condon Financial Advisors
Wisconsin
$214K +$7.84K +140 +4%
HI
40
Harbour Investments
Wisconsin
$167K +$179K +3,192 New
IA
41
IFP Advisors
Florida
$131K – – –
Kayne Anderson Rudnick Investment Management
42
Kayne Anderson Rudnick Investment Management
California
$119K +$127K +2,269 New
LFG
43
Larson Financial Group
Missouri
$99K -$1.4K -25 -1%
CA
44
CoreCap Advisors
Michigan
$49K +$52.3K +934 New
PNC Financial Services Group
45
PNC Financial Services Group
Pennsylvania
$35K – – –
GWM
46
Geneos Wealth Management
Colorado
$33K +$12.2K +218 +53%
PTC
47
Private Trust Company
Ohio
$30K +$32.5K +580 New
GRP
48
Global Retirement Partners
California
$27K – – –
EIP
49
Ellis Investment Partners
Pennsylvania
$20K +$112 +2 +0.5%
MAM
50
Marquette Asset Management
Minnesota
$18K +$19.6K +350 New
1
2
3

FDM Hedge Fund Activity: Q2 2022 in Review

58 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q2 2022, worth a combined $63.5M — down 17% from $76.1M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FDM and 6 opened new positions — a net loss of 5 holders — while 26 trimmed existing stakes and 17 added.

The largest buyer was Financial Advocates Investment Management, adding an estimated $1.55M. The largest seller was Royal Bank of Canada, cutting an estimated $2.48M.

  • 58 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q2 2022, down from 63 in Q1 2022.
  • Funds reported $63.5M of First Trust Dow Jones Select MicroCap Index Fund stock for Q2 2022, down 17% quarter-over-quarter.
  • 6 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q2 2022 and 11 closed out, a net change of -5 holders.
  • The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q2 2022 was Financial Advocates Investment Management, an estimated $1.55M added.
  • The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q2 2022 was Royal Bank of Canada, an estimated $2.48M sold.

Based on aggregated 13F filings for Q2 2022.