First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
35 hedge funds and large institutions have $54.8M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 14 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
13% more funds holding
Funds holding: 31 → 35 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $55.8M → $54.8M (-$1.03M)
36% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.05M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$650K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$297K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$282K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.28M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.27M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$956K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$670K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$150K |
FIV Hedge Fund Activity: Q2 2018 in Review
35 of the 4,368 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 2018, worth a combined $54.8M — down 1.8% from $55.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FIV positions and 1 closed out — a net gain of 4 holders — while 9 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $9.05M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.28M.
- 35 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q2 2018, up from 31 in Q1 2018.
- Funds reported $54.8M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q2 2018, down 1.8% quarter-over-quarter.
- 5 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q2 2018 and 1 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 Q2 2018 was Morgan Stanley, an estimated $9.05M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q2 2018 was Rivernorth Capital Management, an estimated $8.28M sold.
Based on aggregated 13F filings for Q2 2018.