First Trust Dow Jones Select MicroCap Index Fund
FDM
58 hedge funds and large institutions have $70.8M invested in First Trust Dow Jones Select MicroCap Index Fund in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 24 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2.1% more ownership
Funds ownership: 45.02% → 47.13% (+2.1%)
2% more funds holding
Funds holding: 57 → 58 (+1)
1% more capital invested
Capital invested by funds: $70.4M → $70.8M (+$470K)
42% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFG
Arkansas Financial Group
Little Rock,
Arkansas
|
+$842K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$833K |
| 3 |
MAM
Marquette Asset Management
Minneapolis,
Minnesota
|
+$667K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$585K |
| 5 |
SAM
Smithbridge Asset Management
Chadds Ford,
Pennsylvania
|
+$572K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$421K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$322K |
| 3 |
AT
American Trust
Lexington,
Kentucky
|
-$281K |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$237K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$236K |
FDM Hedge Fund Activity: Q3 2023 in Review
58 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q3 2023, worth a combined $70.8M — up 0.67% from $70.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FDM positions and 7 closed out — a net gain of 1 holder — while 14 added to existing stakes and 24 trimmed.
The largest buyer was Arkansas Financial Group, adding an estimated $842K. The largest seller was Avantax Advisory Services, exiting entirely with an estimated $421K sold.
- 58 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q3 2023, up from 57 in Q2 2023.
- Funds reported $70.8M of First Trust Dow Jones Select MicroCap Index Fund stock for Q3 2023, up 0.67% quarter-over-quarter.
- 8 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q3 2023 and 7 closed out, a net change of +1 holder.
- The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q3 2023 was Arkansas Financial Group, an estimated $842K added.
- The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q3 2023 was Avantax Advisory Services, an estimated $421K sold.
Based on aggregated 13F filings for Q3 2023.