First Trust Mortgage Income Fund
17 hedge funds and large institutions have $33.7M invested in First Trust Mortgage Income Fund in 2017 Q2 according to their latest regulatory filings, with funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 1 closing their positions.
0.94% less ownership
Funds ownership: 57.35% → 56.41% (-0.94%)
1% less capital invested
Capital invested by funds: $34M → $33.7M (-$362K)
6% less funds holding
Funds holding: 18 → 17 (-1)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$322K |
| 2 |
Morgan Stanley
New York
|
+$178K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$167K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$296 |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$212 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$651K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$152K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$135K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$113K |
| 5 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$84.7K |
FMY Hedge Fund Activity: Q2 2017 in Review
17 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q2 2017, worth a combined $33.7M — down 1.1% from $34M a quarter earlier.
Sellers outnumbered buyers: 1 fund closed out of FMY and 0 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 5 added.
The largest buyer was Wells Fargo, adding an estimated $322K. The largest seller was LPL Financial, cutting an estimated $651K.
- 17 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q2 2017, down from 18 in Q1 2017.
- Funds reported $33.7M of First Trust Mortgage Income Fund stock for Q2 2017, down 1.1% quarter-over-quarter.
- 0 funds opened new First Trust Mortgage Income Fund positions in Q2 2017 and 1 closed out, a net change of -1 holder.
- The largest First Trust Mortgage Income Fund buyer in Q2 2017 was Wells Fargo, an estimated $322K added.
- The largest First Trust Mortgage Income Fund seller in Q2 2017 was LPL Financial, an estimated $651K sold.
Based on aggregated 13F filings for Q2 2017.