First Trust Strategic High
FHY was delisted on the 22nd of June, 2018.
33 hedge funds and large institutions have $32.7M invested in First Trust Strategic High in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 6 closing their positions.
14% more capital invested
Capital invested by funds: $28.6M → $32.7M (+$4.14M)
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
3% less funds holding
Funds holding: 34 → 33 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.38M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.64M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.06M |
| 4 |
SI
SII Investments
Appleton,
Wisconsin
|
+$748K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$390K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.01M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.04M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.04M |
| 4 |
Morgan Stanley
New York
|
-$808K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$172K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Fifth Third Bancorp
Cincinnati,
Ohio
| $6K | – | – | – |
|
|
WTC
27
WhitTier Trust Company
Reno,
Nevada
| $4K | – | – | – |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
29
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2K | +$2.12K | +176 | New |
|
|
ADL
30
Asset Dedication LLC
San Francisco,
California
| $1K | – | – | – |
|
|
BFM
31
Boothbay Fund Management
New York
| $397 | +$390K | +32,347 | New |
|
|
RCM
32
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$3.01M | -243,641 | Closed |
|
|
SFS
33
Shaker Financial Services
Arlington,
Virginia
| – | -$2.04M | -165,268 | Closed |
|
|
DA
34
Doliver Advisors
Houston,
Texas
| – | -$172K | -13,956 | Closed |
|
|
SPC
35
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$156K | -12,620 | Closed |
|
|
KA
36
Klingman & Associates
New York
| – | -$14K | -1,125 | Closed |
|
|
WA
37
WFG Advisors
Dallas,
Texas
| – | -$6K | -500 | Closed |
|
38
Envestnet Asset Management
Chicago,
Illinois
| – | +$12 | +1 | New |
|
FHY Hedge Fund Activity: Q4 2016 in Review
33 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in First Trust Strategic High (FHY) for Q4 2016, worth a combined $32.7M — up 14% from $28.6M a quarter earlier.
Fund positioning in FHY was balanced in Q4 2016: 6 funds opened new positions, 6 closed out, 10 added to existing stakes and 9 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $6.38M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $3.01M sold.
- 33 institutional investors held First Trust Strategic High (FHY) as of Q4 2016, down from 34 in Q3 2016.
- Funds reported $32.7M of First Trust Strategic High stock for Q4 2016, up 14% quarter-over-quarter.
- 6 funds opened new First Trust Strategic High positions in Q4 2016 and 6 closed out, a net change of 0 holders.
- The largest First Trust Strategic High buyer in Q4 2016 was Saba Capital Management, an estimated $6.38M added.
- The largest First Trust Strategic High seller in Q4 2016 was Rivernorth Capital Management, an estimated $3.01M sold.
Based on aggregated 13F filings for Q4 2016.