First Trust Mortgage Income Fund
14 hedge funds and large institutions have $34.2M invested in First Trust Mortgage Income Fund in 2018 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
0.71% more ownership
Funds ownership: 57.53% → 58.23% (+0.71%)
0% more funds holding
Funds holding: 14 → 14 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
1% less capital invested
Capital invested by funds: $34.6M → $34.2M (-$432K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$424K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$200K |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$158K |
| 4 |
Morgan Stanley
New York
|
+$55.6K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$47.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$270K |
| 2 |
LPL Financial
San Diego,
California
|
-$108K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$70K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$28.2K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$338 |
FMY Hedge Fund Activity: Q1 2018 in Review
14 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q1 2018, worth a combined $34.2M — down 1.2% from $34.6M a quarter earlier.
Fund positioning in FMY was balanced in Q1 2018: 2 funds opened new positions, 2 closed out, 6 added to existing stakes and 3 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $424K. The largest seller was Cetera Advisor Networks, exiting entirely with an estimated $270K sold.
- 14 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q1 2018, unchanged from Q4 2017.
- Funds reported $34.2M of First Trust Mortgage Income Fund stock for Q1 2018, down 1.2% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q1 2018 and 2 closed out, a net change of 0 holders.
- The largest First Trust Mortgage Income Fund buyer in Q1 2018 was Sit Investment Associates, an estimated $424K added.
- The largest First Trust Mortgage Income Fund seller in Q1 2018 was Cetera Advisor Networks, an estimated $270K sold.
Based on aggregated 13F filings for Q1 2018.