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 $70.5M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2019 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 7 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
7% more funds holding
Funds holding: 44 → 47 (+3)
5% more capital invested
Capital invested by funds: $67.2M → $70.5M (+$3.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Advisor Group
Phoenix,
Arizona
|
+$1.86M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$487K |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
+$452K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$431K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$411K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.94M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$384K |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$298K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$269K |
| 5 |
RFM
Royal Fund Management
Lady Lake,
Florida
|
-$212K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northern Trust
Chicago,
Illinois
| – | -$2K | -20,000 | Closed |
|
|
WAM
52
Wolverine Asset Management
Chicago,
Illinois
| – | -$73K | -8,290 | Closed |
|
|
BWM
53
BerganKDV Wealth Management
Bloomington,
Minnesota
| – | -$46K | -5,251 | Closed |
|
|
AIC
54
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$22K | -2,445 | Closed |
|
FIV Hedge Fund Activity: Q4 2019 in Review
47 of the 5,075 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 2019, worth a combined $70.5M — up 4.9% from $67.2M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FIV positions and 7 closed out — a net gain of 4 holders — while 18 added to existing stakes and 10 trimmed.
The largest buyer was Advisor Group, adding an estimated $1.86M. The largest seller was Morgan Stanley, cutting an estimated $2.94M.
- 47 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q4 2019, up from 44 in Q3 2019.
- Funds reported $70.5M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q4 2019, up 4.9% quarter-over-quarter.
- 11 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q4 2019 and 7 closed out, a net change of +4 holders.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest buyer in Q4 2019 was Advisor Group, an estimated $1.86M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q4 2019 was Morgan Stanley, an estimated $2.94M sold.
Based on aggregated 13F filings for Q4 2019.