First Trust Mortgage Income Fund
16 hedge funds and large institutions have $35.9M invested in First Trust Mortgage Income Fund in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
7% more funds holding
Funds holding: 15 → 16 (+1)
2% less capital invested
Capital invested by funds: $36.8M → $35.9M (-$912K)
1.62% less ownership
Funds ownership: 62.53% → 60.91% (-1.6%)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$769K |
| 2 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$283K |
| 3 |
Morgan Stanley
New York
|
+$12.9K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$12.5K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$5.82K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.56M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$149K |
| 3 |
LPL Financial
San Diego,
California
|
-$141K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$69.8K |
| 5 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
-$54.1K |
FMY Hedge Fund Activity: Q3 2019 in Review
16 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q3 2019, worth a combined $35.9M — down 2.5% from $36.8M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new FMY positions and 1 closed out — a net gain of 1 holder — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $769K. The largest seller was Sit Investment Associates, cutting an estimated $1.56M.
- 16 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q3 2019, up from 15 in Q2 2019.
- Funds reported $35.9M of First Trust Mortgage Income Fund stock for Q3 2019, down 2.5% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q3 2019 and 1 closed out, a net change of +1 holder.
- The largest First Trust Mortgage Income Fund buyer in Q3 2019 was Karpus Investment Management, an estimated $769K added.
- The largest First Trust Mortgage Income Fund seller in Q3 2019 was Sit Investment Associates, an estimated $1.56M sold.
Based on aggregated 13F filings for Q3 2019.