First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
39 hedge funds and large institutions have $59.4M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
11% more funds holding
Funds holding: 35 → 39 (+4)
11% more capital invested
Capital invested by funds: $53.8M → $59.4M (+$5.67M)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.09M |
| 2 |
Morgan Stanley
New York
|
+$3.78M |
| 3 |
RVPG
Relative Value Partners Group
|
+$2.58M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.42M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$882K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$633K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$544K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$381K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$256K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$173K |
FIV Hedge Fund Activity: Q4 2018 in Review
39 of the 4,488 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 2018, worth a combined $59.4M — up 11% from $53.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FIV positions and 7 closed out — a net gain of 4 holders — while 10 added to existing stakes and 14 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $5.09M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $633K sold.
- 39 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q4 2018, up from 35 in Q3 2018.
- Funds reported $59.4M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q4 2018, up 11% quarter-over-quarter.
- 11 funds opened new First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest positions in Q4 2018 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 2018 was Rivernorth Capital Management, an estimated $5.09M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q4 2018 was Shaker Financial Services, an estimated $633K sold.
Based on aggregated 13F filings for Q4 2018.