First Trust Mortgage Income Fund
16 hedge funds and large institutions have $37.6M invested in First Trust Mortgage Income Fund in 2019 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 2 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
5% more capital invested
Capital invested by funds: $35.9M → $37.6M (+$1.72M)
0% more funds holding
Funds holding: 16 → 16 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
0.37% less ownership
Funds ownership: 60.91% → 60.54% (-0.37%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
+$565K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$315K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$293K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$64K |
| 5 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$62.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$778K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$563K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$171K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$48K |
| 5 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
-$27.7K |
FMY Hedge Fund Activity: Q4 2019 in Review
16 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q4 2019, worth a combined $37.6M — up 4.8% from $35.9M a quarter earlier.
Fund positioning in FMY was balanced in Q4 2019: 2 funds opened new positions, 2 closed out, 8 added to existing stakes and 3 trimmed.
The largest buyer was Level Four Advisory Services, opening a new position worth an estimated $565K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $778K sold.
- 16 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q4 2019, unchanged from Q3 2019.
- Funds reported $37.6M of First Trust Mortgage Income Fund stock for Q4 2019, up 4.8% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q4 2019 and 2 closed out, a net change of 0 holders.
- The largest First Trust Mortgage Income Fund buyer in Q4 2019 was Level Four Advisory Services, an estimated $565K added.
- The largest First Trust Mortgage Income Fund seller in Q4 2019 was Karpus Investment Management, an estimated $778K sold.
Based on aggregated 13F filings for Q4 2019.