First Trust Mortgage Income Fund
13 hedge funds and large institutions have $29.5M invested in First Trust Mortgage Income Fund in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 3 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
5.3% less ownership
Funds ownership: 60.54% → 55.24% (-5.3%)
19% less funds holding
Funds holding: 16 → 13 (-3)
22% less capital invested
Capital invested by funds: $37.6M → $29.5M (-$8.14M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACP
Aviance Capital Partners
Naples,
Florida
|
+$418K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$33.6K |
| 3 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$21.5K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$21.5K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.12K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
-$2.45M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.83M |
| 3 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
-$561K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$484K |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$60.6K |
FMY Hedge Fund Activity: Q1 2020 in Review
13 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q1 2020, worth a combined $29.5M — down 22% from $37.6M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FMY and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 5 added.
The largest buyer was Aviance Capital Partners, opening a new position worth an estimated $418K. The largest seller was Level Four Advisory Services, exiting entirely with an estimated $2.45M sold.
- 13 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q1 2020, down from 16 in Q4 2019.
- Funds reported $29.5M of First Trust Mortgage Income Fund stock for Q1 2020, down 22% quarter-over-quarter.
- 2 funds opened new First Trust Mortgage Income Fund positions in Q1 2020 and 3 closed out, a net change of -1 holder.
- The largest First Trust Mortgage Income Fund buyer in Q1 2020 was Aviance Capital Partners, an estimated $418K added.
- The largest First Trust Mortgage Income Fund seller in Q1 2020 was Level Four Advisory Services, an estimated $2.45M sold.
Based on aggregated 13F filings for Q1 2020.