First Trust Strategic High
FHY was delisted on the 22nd of June, 2018.
27 hedge funds and large institutions have $36.3M invested in First Trust Strategic High in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 9 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
11% more capital invested
Capital invested by funds: $32.7M → $36.3M (+$3.64M)
18% less funds holding
Funds holding: 33 → 27 (-6)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.59M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.51M |
| 3 |
Morgan Stanley
New York
|
+$399K |
| 4 |
SCM
Saba Capital Management
New York
|
+$391K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$261K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.08M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$595K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$532K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$190K |
| 5 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$160K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ADL
26
Asset Dedication LLC
San Francisco,
California
| $1K | – | – | – |
|
|
27
Fiera Capital (Canada)
Montreal,
Quebec, Canada
| – | -$1.08M | -87,895 | Closed |
|
|
MIG
28
Mariner Investment Group
Harrison,
New York
| – | -$532K | -43,292 | Closed |
|
|
BFM
29
Boothbay Fund Management
New York
| – | -$397 | -32,347 | Closed |
|
|
CRC
30
Curi RMB Capital
Chicago,
Illinois
| – | -$190K | -15,445 | Closed |
|
|
PAM
31
PVG Asset Management
Golden,
Colorado
| – | -$160K | -13,058 | Closed |
|
|
LCM
32
Laurion Capital Management
New York
| – | -$148K | -12,076 | Closed |
|
|
WAM
33
Wolverine Asset Management
Chicago,
Illinois
| – | -$140K | -11,405 | Closed |
|
34
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -176 | Closed |
|
FHY Hedge Fund Activity: Q1 2017 in Review
27 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in First Trust Strategic High (FHY) for Q1 2017, worth a combined $36.3M — up 11% from $32.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FHY and 3 opened new positions — a net loss of 6 holders — while 7 trimmed existing stakes and 11 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.59M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $1.08M sold.
- 27 institutional investors held First Trust Strategic High (FHY) as of Q1 2017, down from 33 in Q4 2016.
- Funds reported $36.3M of First Trust Strategic High stock for Q1 2017, up 11% quarter-over-quarter.
- 3 funds opened new First Trust Strategic High positions in Q1 2017 and 9 closed out, a net change of -6 holders.
- The largest First Trust Strategic High buyer in Q1 2017 was Rivernorth Capital Management, an estimated $1.59M added.
- The largest First Trust Strategic High seller in Q1 2017 was Fiera Capital (Canada), an estimated $1.08M sold.
Based on aggregated 13F filings for Q1 2017.