First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest
FIV
FIV was delisted on the 9th of December, 2021.
43 hedge funds and large institutions have $68M invested in First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 10 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
100% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 10
10% more funds holding
Funds holding: 39 → 43 (+4)
5% more capital invested
Capital invested by funds: $64.6M → $68M (+$3.42M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.64M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$888K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$381K |
| 4 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$347K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
+$325K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.66M |
| 2 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$275K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$165K |
| 4 |
AIM
Axiom Investment Management
New York
|
-$133K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$116K |
FIV Hedge Fund Activity: Q2 2019 in Review
43 of the 4,625 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 2019, worth a combined $68M — up 5.3% from $64.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FIV positions and 1 closed out — a net gain of 4 holders — while 20 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.64M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.66M.
- 43 institutional investors held First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest (FIV) as of Q2 2019, up from 39 in Q1 2019.
- Funds reported $68M of First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest stock for Q2 2019, 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 Q2 2019 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 2019 was Morgan Stanley, an estimated $1.64M added.
- The largest First Trust Senior Floating Rate 2022 Target Term Fund Common Shares of Beneficial Interest seller in Q2 2019 was Rivernorth Capital Management, an estimated $1.66M sold.
Based on aggregated 13F filings for Q2 2019.