First Trust Strategic High
FHY was delisted on the 22nd of June, 2018.
25 hedge funds and large institutions have $37M invested in First Trust Strategic High in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 3 closing their positions.
2% more capital invested
Capital invested by funds: $36.3M → $37M (+$612K)
7% less funds holding
Funds holding: 27 → 25 (-2)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.38M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$248K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$149K |
| 4 |
IH
IFC Holdings
Tampa,
Florida
|
+$60.6K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$56.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
SII Investments
Appleton,
Wisconsin
|
-$789K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$528K |
| 3 |
Morgan Stanley
New York
|
-$385K |
| 4 |
LPL Financial
San Diego,
California
|
-$364K |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$363K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
LPL Financial
San Diego,
California
| – | -$364K | -28,141 | Closed |
|
|
KIM
27
Karpus Investment Management
Pittsford,
New York
| – | -$159K | -12,180 | Closed |
|
FHY Hedge Fund Activity: Q2 2017 in Review
25 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in First Trust Strategic High (FHY) for Q2 2017, worth a combined $37M — up 1.7% from $36.3M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FHY and 1 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was Saba Capital Management, adding an estimated $1.38M. The largest seller was SII Investments, cutting an estimated $789K.
- 25 institutional investors held First Trust Strategic High (FHY) as of Q2 2017, down from 27 in Q1 2017.
- Funds reported $37M of First Trust Strategic High stock for Q2 2017, up 1.7% quarter-over-quarter.
- 1 fund opened new First Trust Strategic High positions in Q2 2017 and 3 closed out, a net change of -2 holders.
- The largest First Trust Strategic High buyer in Q2 2017 was Saba Capital Management, an estimated $1.38M added.
- The largest First Trust Strategic High seller in Q2 2017 was SII Investments, an estimated $789K sold.
Based on aggregated 13F filings for Q2 2017.