First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
31 hedge funds and large institutions have $55.8M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 9 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
2% more capital invested
Capital invested by funds: $54.8M → $55.8M (+$1.05M)
11% less funds holding
Funds holding: 35 → 31 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.12M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.97M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.12M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$433K |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.84M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.13M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$1.36M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$839K |
| 5 |
Squarepoint
New York
|
-$387K |
FIV Hedge Fund Activity: Q1 2018 in Review
31 of the 4,363 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 2018, worth a combined $55.8M — up 1.9% from $54.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FIV and 5 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $6.12M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.84M.
- 31 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q1 2018, down from 35 in Q4 2017.
- Funds reported $55.8M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q1 2018, up 1.9% quarter-over-quarter.
- 5 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q1 2018 and 9 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 Q1 2018 was Morgan Stanley, an estimated $6.12M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q1 2018 was Rivernorth Capital Management, an estimated $4.84M sold.
Based on aggregated 13F filings for Q1 2018.