First Trust Dow Jones Internet Index Fund ETF
330 hedge funds and large institutions have $4B invested in First Trust Dow Jones Internet Index Fund ETF in 2018 Q4 according to their latest regulatory filings, with 76 funds opening new positions, 68 increasing their positions, 136 reducing their positions, and 67 closing their positions.
13% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 67
1% more funds holding
Funds holding: 326 → 330 (+4)
9% less call options, than puts
Call options by funds: $16.1M | Put options by funds: $17.7M
2.33% less ownership
Funds ownership: 60.12% → 57.79% (-2.3%)
26% less funds holding in top 10
Funds holding in top 10: 23 → 17 (-6)
30% less capital invested
Capital invested by funds: $5.68B → $4B (-$1.68B)
50% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 136
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NFC
Northeast Financial Consultants
Westport,
Connecticut
|
+$27.1M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$13.1M |
| 3 |
JP Morgan Chase
New York
|
+$8.28M |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$7.53M |
| 5 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$7.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$195M |
| 2 |
AssetMark Inc
Concord,
California
|
-$112M |
| 3 |
CM
Churchill Management
Los Angeles,
California
|
-$72.4M |
| 4 |
Morgan Stanley
New York
|
-$56.6M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$50.9M |
FDN Hedge Fund Activity: Q4 2018 in Review
330 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Internet Index Fund ETF (FDN) for Q4 2018, worth a combined $4B — down 30% from $5.68B a quarter earlier.
Buyers outnumbered sellers: 76 funds opened new FDN positions and 67 closed out — a net gain of 9 holders — while 68 added to existing stakes and 136 trimmed.
The largest buyer was Northeast Financial Consultants, opening a new position worth an estimated $27.1M. The largest seller was Bank of America, cutting an estimated $195M.
- 330 institutional investors held First Trust Dow Jones Internet Index Fund ETF (FDN) as of Q4 2018, up from 326 in Q3 2018.
- Funds reported $4B of First Trust Dow Jones Internet Index Fund ETF stock for Q4 2018, down 30% quarter-over-quarter.
- 76 funds opened new First Trust Dow Jones Internet Index Fund ETF positions in Q4 2018 and 67 closed out, a net change of +9 holders.
- The largest First Trust Dow Jones Internet Index Fund ETF buyer in Q4 2018 was Northeast Financial Consultants, an estimated $27.1M added.
- The largest First Trust Dow Jones Internet Index Fund ETF seller in Q4 2018 was Bank of America, an estimated $195M sold.
Based on aggregated 13F filings for Q4 2018.