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 $53.8M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 7 reducing their positions, and 4 closing their positions.
143% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 7
0% more funds holding
Funds holding: 35 → 35 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
2% less capital invested
Capital invested by funds: $54.8M → $53.8M (-$1.05M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.73M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.14M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$295K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$223K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$209K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.38M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$639K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$411K |
| 4 |
CCM
Cribstone Capital Management
Augusta,
Maine
|
-$139K |
| 5 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$137K |
FIV Hedge Fund Activity: Q3 2018 in Review
35 of the 4,374 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 Q3 2018, worth a combined $53.8M — down 1.9% from $54.8M a quarter earlier.
Fund positioning in FIV was balanced in Q3 2018: 4 funds opened new positions, 4 closed out, 17 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.73M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.38M sold.
- 35 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q3 2018, unchanged from Q2 2018.
- Funds reported $53.8M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q3 2018, down 1.9% quarter-over-quarter.
- 4 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q3 2018 and 4 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 Q3 2018 was Morgan Stanley, an estimated $1.73M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q3 2018 was Rivernorth Capital Management, an estimated $4.38M sold.
Based on aggregated 13F filings for Q3 2018.