First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
35 hedge funds and large institutions have $54.8M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2017 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 4 closing their positions.
275% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 4
68% more capital invested
Capital invested by funds: $32.6M → $54.8M (+$22.2M)
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
46% more funds holding
Funds holding: 24 → 35 (+11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$17.5M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.58M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.15M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.39M |
| 5 |
Morgan Stanley
New York
|
+$921K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.59M |
| 2 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$750K |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$746K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$370K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$304K |
FIV Hedge Fund Activity: Q4 2017 in Review
35 of the 4,409 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 Q4 2017, worth a combined $54.8M — up 68% from $32.6M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FIV positions and 4 closed out — a net gain of 11 holders — while 11 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $17.5M. The largest seller was UBS Group, cutting an estimated $1.59M.
- 35 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q4 2017, up from 24 in Q3 2017.
- Funds reported $54.8M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q4 2017, up 68% quarter-over-quarter.
- 15 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q4 2017 and 4 closed out, a net change of +11 holders.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest buyer in Q4 2017 was Rivernorth Capital Management, an estimated $17.5M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q4 2017 was UBS Group, an estimated $1.59M sold.
Based on aggregated 13F filings for Q4 2017.