First Trust Strategic High
FHY was delisted on the 22nd of June, 2018.
29 hedge funds and large institutions have $26.4M invested in First Trust Strategic High in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 6 closing their positions.
6.15% more ownership
Funds ownership: 24.88% → 31.03% (+6.1%)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
1% more capital invested
Capital invested by funds: $26.3M → $26.4M (+$139K)
6% less funds holding
Funds holding: 31 → 29 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.48M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.15M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$605K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$566K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.55M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$284K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$280K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
-$263K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$218K |
FHY Hedge Fund Activity: Q1 2018 in Review
29 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in First Trust Strategic High (FHY) for Q1 2018, worth a combined $26.4M — up 0.53% from $26.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FHY and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 12 added.
The largest buyer was Shaker Financial Services, adding an estimated $2.3M. The largest seller was Morgan Stanley, cutting an estimated $3.55M.
- 29 institutional investors held First Trust Strategic High (FHY) as of Q1 2018, down from 31 in Q4 2017.
- Funds reported $26.4M of First Trust Strategic High stock for Q1 2018, up 0.53% quarter-over-quarter.
- 4 funds opened new First Trust Strategic High positions in Q1 2018 and 6 closed out, a net change of -2 holders.
- The largest First Trust Strategic High buyer in Q1 2018 was Shaker Financial Services, an estimated $2.3M added.
- The largest First Trust Strategic High seller in Q1 2018 was Morgan Stanley, an estimated $3.55M sold.
Based on aggregated 13F filings for Q1 2018.