First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
49 hedge funds and large institutions have $91M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 16 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
5% more capital invested
Capital invested by funds: $86.4M → $91M (+$4.58M)
6% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 16
0% more funds holding
Funds holding: 49 → 49 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.55M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$694K |
| 3 |
Millennium Management
New York
|
+$522K |
| 4 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$411K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$828K |
| 2 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
-$807K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$725K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$479K |
| 5 |
Morgan Stanley
New York
|
-$460K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$150K | -16,712 | Closed |
|
|
FIA
52
FNY Investment Advisers
New York
| – | -$45K | -5,020 | Closed |
|
|
CCA
53
Childress Capital Advisors
Houston,
Texas
| – | -$18K | -2,000 | Closed |
|
FIV Hedge Fund Activity: Q1 2021 in Review
49 of the 5,695 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 2021, worth a combined $91M — up 5.3% from $86.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FIV positions and 4 closed out — a net gain of 1 holder — while 17 added to existing stakes and 16 trimmed.
The largest buyer was Bank of America, adding an estimated $3.55M. The largest seller was City of London Investment Management, cutting an estimated $828K.
- 49 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q1 2021, unchanged from Q4 2020.
- Funds reported $91M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q1 2021, up 5.3% quarter-over-quarter.
- 5 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q1 2021 and 4 closed out, a net change of +1 holder.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest buyer in Q1 2021 was Bank of America, an estimated $3.55M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q1 2021 was City of London Investment Management, an estimated $828K sold.
Based on aggregated 13F filings for Q1 2021.