First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
24 hedge funds and large institutions have $32.6M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 4 reducing their positions, and 3 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 4
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
43% more capital invested
Capital invested by funds: $22.7M → $32.6M (+$9.88M)
26% more funds holding
Funds holding: 19 → 24 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.13M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$2.24M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.29M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$962K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Comerica Bank
Dallas,
Texas
|
-$1.29M |
| 2 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$949K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$162K |
| 4 |
PCM
Pointe Capital Management
Grosse Pointe Farms,
Michigan
|
-$88.6K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$51K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Creative Planning
Overland Park,
Kansas
| – | -$51K | -5,078 | Closed |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| – | -$2K | -160 | Closed |
|
FIV Hedge Fund Activity: Q3 2017 in Review
24 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) for Q3 2017, worth a combined $32.6M — up 43% from $22.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FIV positions and 3 closed out — a net gain of 5 holders — while 11 added to existing stakes and 4 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.4M. The largest seller was Comerica Bank, exiting entirely with an estimated $1.29M sold.
- 24 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q3 2017, up from 19 in Q2 2017.
- Funds reported $32.6M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q3 2017, up 43% quarter-over-quarter.
- 8 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q3 2017 and 3 closed out, a net change of +5 holders.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest buyer in Q3 2017 was Morgan Stanley, an estimated $4.4M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q3 2017 was Comerica Bank, an estimated $1.29M sold.
Based on aggregated 13F filings for Q3 2017.