First Trust Strategic High
FHY was delisted on the 22nd of June, 2018.
26 hedge funds and large institutions have $28.8M invested in First Trust Strategic High in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 14 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
4% more funds holding
Funds holding: 25 → 26 (+1)
22% less capital invested
Capital invested by funds: $37M → $28.8M (-$8.2M)
71% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$1.03M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$364K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$244K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$173K |
| 5 |
SI
SII Investments
Appleton,
Wisconsin
|
+$71.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$5.38M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.11M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.24M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$386K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$370K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ADL
26
Asset Dedication LLC
San Francisco,
California
| $1K | – | – | – |
|
27
Ameriprise
Minneapolis,
Minnesota
| – | -$193K | -14,123 | Closed |
|
|
NA
28
NewEdge Advisors
New Orleans,
Louisiana
| – | -$12.1K | -895 | Closed |
|
29
Creative Planning
Overland Park,
Kansas
| – | -$4K | -257 | Closed |
|
FHY Hedge Fund Activity: Q3 2017 in Review
26 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in First Trust Strategic High (FHY) for Q3 2017, worth a combined $28.8M — down 22% from $37M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FHY positions and 3 closed out — a net gain of 1 holder — while 4 added to existing stakes and 14 trimmed.
The largest buyer was Citigroup, opening a new position worth an estimated $1.03M. The largest seller was Saba Capital Management, cutting an estimated $5.38M.
- 26 institutional investors held First Trust Strategic High (FHY) as of Q3 2017, up from 25 in Q2 2017.
- Funds reported $28.8M of First Trust Strategic High stock for Q3 2017, down 22% quarter-over-quarter.
- 4 funds opened new First Trust Strategic High positions in Q3 2017 and 3 closed out, a net change of +1 holder.
- The largest First Trust Strategic High buyer in Q3 2017 was Citigroup, an estimated $1.03M added.
- The largest First Trust Strategic High seller in Q3 2017 was Saba Capital Management, an estimated $5.38M sold.
Based on aggregated 13F filings for Q3 2017.