First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
48 hedge funds and large institutions have $93M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2021 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 20 reducing their positions, and 5 closing their positions.
2% more capital invested
Capital invested by funds: $91M → $93M (+$2.08M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
2% less funds holding
Funds holding: 49 → 48 (-1)
45% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.94M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$525K |
| 3 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$506K |
| 4 |
Mariner
Overland Park,
Kansas
|
+$354K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$352K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$717K |
| 2 |
Morgan Stanley
New York
|
-$686K |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
-$458K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$353K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$254K |
FIV Hedge Fund Activity: Q2 2021 in Review
48 of the 5,745 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 Q2 2021, worth a combined $93M — up 2.3% from $91M a quarter earlier.
Fund positioning in FIV was balanced in Q2 2021: 5 funds opened new positions, 5 closed out, 11 added to existing stakes and 20 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.94M. The largest seller was B. Riley Wealth Management, cutting an estimated $717K.
- 48 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q2 2021, down from 49 in Q1 2021.
- Funds reported $93M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q2 2021, up 2.3% quarter-over-quarter.
- 5 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q2 2021 and 5 closed out, a net change of 0 holders.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest buyer in Q2 2021 was Rivernorth Capital Management, an estimated $2.94M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q2 2021 was B. Riley Wealth Management, an estimated $717K sold.
Based on aggregated 13F filings for Q2 2021.