First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
47 hedge funds and large institutions have $63.6M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 7 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
0% more funds holding
Funds holding: 47 → 47 (0)
10% less capital invested
Capital invested by funds: $70.5M → $63.6M (-$6.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.26M |
| 2 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
+$2.03M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.46M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.44M |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$582K |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$418K |
| 3 |
VEA
Virtus ETF Advisers
New York
|
-$358K |
| 4 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$338K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$277K |
FIV Hedge Fund Activity: Q1 2020 in Review
47 of the 4,538 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 Q1 2020, worth a combined $63.6M — down 9.8% from $70.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new FIV positions and 7 closed out — a net gain of 2 holders — while 17 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.26M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $582K sold.
- 47 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $63.6M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q1 2020, down 9.8% quarter-over-quarter.
- 9 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q1 2020 and 7 closed out, a net change of +2 holders.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest buyer in Q1 2020 was Morgan Stanley, an estimated $2.26M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q1 2020 was Mariner Investment Group, an estimated $582K sold.
Based on aggregated 13F filings for Q1 2020.