First Trust Dow Jones Select MicroCap Index Fund
FDM
52 hedge funds and large institutions have $78.3M invested in First Trust Dow Jones Select MicroCap Index Fund in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 9 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
4.37% less ownership
Funds ownership: 53.19% → 48.82% (-4.4%)
13% less funds holding
Funds holding: 60 → 52 (-8)
14% less capital invested
Capital invested by funds: $90.5M → $78.3M (-$12.2M)
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
+$249K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$222K |
| 3 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$220K |
| 4 |
WMG
WESCAP Management Group
Glendale,
California
|
+$178K |
| 5 |
TAIM
TD Ameritrade Investment Management
Omaha,
Nebraska
|
+$157K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
-$3M |
| 2 |
CCP
Cardan Capital Partners
Denver,
Colorado
|
-$2.2M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.96M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$866K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$682K |
FDM Hedge Fund Activity: Q3 2021 in Review
52 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Select MicroCap Index Fund (FDM) for Q3 2021, worth a combined $78.3M — down 14% from $90.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FDM and 2 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 23 added.
The largest buyer was Financial Advocates Investment Management, adding an estimated $249K. The largest seller was Mercer Global Advisors, cutting an estimated $3M.
- 52 institutional investors held First Trust Dow Jones Select MicroCap Index Fund (FDM) as of Q3 2021, down from 60 in Q2 2021.
- Funds reported $78.3M of First Trust Dow Jones Select MicroCap Index Fund stock for Q3 2021, down 14% quarter-over-quarter.
- 2 funds opened new First Trust Dow Jones Select MicroCap Index Fund positions in Q3 2021 and 9 closed out, a net change of -7 holders.
- The largest First Trust Dow Jones Select MicroCap Index Fund buyer in Q3 2021 was Financial Advocates Investment Management, an estimated $249K added.
- The largest First Trust Dow Jones Select MicroCap Index Fund seller in Q3 2021 was Mercer Global Advisors, an estimated $3M sold.
Based on aggregated 13F filings for Q3 2021.