First Trust Mortgage Income Fund
15 hedge funds and large institutions have $34.2M invested in First Trust Mortgage Income Fund in 2017 Q3 according to their latest regulatory filings, with funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 2 closing their positions.
2% more capital invested
Capital invested by funds: $33.7M → $34.2M (+$576K)
0.6% more ownership
Funds ownership: 56.41% → 57.01% (+0.6%)
12% less funds holding
Funds holding: 17 → 15 (-2)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$871K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$484K |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
+$299 |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$213 |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$14 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$529K |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$114K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$105K |
| 4 |
Morgan Stanley
New York
|
-$80.8K |
| 5 |
LPL Financial
San Diego,
California
|
-$59K |
FMY Hedge Fund Activity: Q3 2017 in Review
15 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q3 2017, worth a combined $34.2M — up 1.7% from $33.7M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FMY and 0 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was Sit Investment Associates, adding an estimated $871K. The largest seller was 1607 Capital Partners, cutting an estimated $529K.
- 15 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q3 2017, down from 17 in Q2 2017.
- Funds reported $34.2M of First Trust Mortgage Income Fund stock for Q3 2017, up 1.7% quarter-over-quarter.
- 0 funds opened new First Trust Mortgage Income Fund positions in Q3 2017 and 2 closed out, a net change of -2 holders.
- The largest First Trust Mortgage Income Fund buyer in Q3 2017 was Sit Investment Associates, an estimated $871K added.
- The largest First Trust Mortgage Income Fund seller in Q3 2017 was 1607 Capital Partners, an estimated $529K sold.
Based on aggregated 13F filings for Q3 2017.