First Trust Mortgage Income Fund
21 hedge funds and large institutions have $35.8M invested in First Trust Mortgage Income Fund in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
5% more funds holding
Funds holding: 20 → 21 (+1)
1.75% more ownership
Funds ownership: 57.05% → 58.8% (+1.7%)
3% more capital invested
Capital invested by funds: $34.8M → $35.8M (+$1.06M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.01M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$400K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$370K |
| 4 |
LPL Financial
San Diego,
California
|
+$235K |
| 5 |
Morgan Stanley
New York
|
+$113K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$2.22M |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
-$10.8K |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
-$10.5K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.31K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
-$1K |
FMY Hedge Fund Activity: Q3 2016 in Review
21 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q3 2016, worth a combined $35.8M — up 3.1% from $34.8M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new FMY positions and 1 closed out — a net gain of 1 holder — while 8 added to existing stakes and 4 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.01M. The largest seller was 1607 Capital Partners, cutting an estimated $2.22M.
- 21 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q3 2016, up from 20 in Q2 2016.
- Funds reported $35.8M of First Trust Mortgage Income Fund stock for Q3 2016, up 3.1% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q3 2016 and 1 closed out, a net change of +1 holder.
- The largest First Trust Mortgage Income Fund buyer in Q3 2016 was Sit Investment Associates, an estimated $2.01M added.
- The largest First Trust Mortgage Income Fund seller in Q3 2016 was 1607 Capital Partners, an estimated $2.22M sold.
Based on aggregated 13F filings for Q3 2016.