First Trust Mortgage Income Fund
18 hedge funds and large institutions have $34M invested in First Trust Mortgage Income Fund in 2017 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 2 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
0.56% less ownership
Funds ownership: 57.91% → 57.35% (-0.56%)
1% less capital invested
Capital invested by funds: $34.4M → $34M (-$338K)
10% less funds holding
Funds holding: 20 → 18 (-2)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$205K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$199K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$190K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$165K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$10.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$994K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$45.3K |
| 3 |
Morgan Stanley
New York
|
-$20K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$14.6K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$9.37K |
FMY Hedge Fund Activity: Q1 2017 in Review
18 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q1 2017, worth a combined $34M — down 0.98% from $34.4M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FMY and 0 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was LPL Financial, adding an estimated $205K. The largest seller was Icon Advisers, cutting an estimated $994K.
- 18 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q1 2017, down from 20 in Q4 2016.
- Funds reported $34M of First Trust Mortgage Income Fund stock for Q1 2017, down 0.98% quarter-over-quarter.
- 0 funds opened new First Trust Mortgage Income Fund positions in Q1 2017 and 2 closed out, a net change of -2 holders.
- The largest First Trust Mortgage Income Fund buyer in Q1 2017 was LPL Financial, an estimated $205K added.
- The largest First Trust Mortgage Income Fund seller in Q1 2017 was Icon Advisers, an estimated $994K sold.
Based on aggregated 13F filings for Q1 2017.