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FMY

First Trust Mortgage Income Fund
FMY

18 hedge funds and large institutions have $32.8M invested in First Trust Mortgage Income Fund in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 3

38% more funds holding

Funds holding: 13 → 18 (+5)

11% more capital invested

Capital invested by funds: $29.5M → $32.8M (+$3.37M)

1.3% more ownership

Funds ownership: 55.24% → 56.54% (+1.3%)

Holders
18
Holders Change
+5
Holders Change %
+38.46%
% of All Funds
0.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
8
Reduced
3
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WMG
WESCAP Management Group
California
+$244K
2
CIA
Capital Investment Advisors
Georgia
+$232K
3
1CP
1607 Capital Partners
Virginia
+$210K
4
LPL Financial
LPL Financial
California
+$192K
5
IAIM
International Assets Investment Management
Florida
+$151K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$465K
2
Osaic Holdings
Osaic Holdings
Arizona
-$9.84K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$9.17K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$22.7M -$465K -34,733 -2%
1CP
2
1607 Capital Partners
Virginia
$6.27M +$210K +15,690 +4%
Wells Fargo
3
Wells Fargo
California
$1.04M +$12.2K +912 +1%
ACP
4
Aviance Capital Partners
Florida
$524K +$106K +7,898 +26%
KA
5
Kovack Advisors
Florida
$366K – – –
Morgan Stanley
6
Morgan Stanley
New York
$254K +$13.1K +980 +6%
WMG
7
WESCAP Management Group
California
$251K +$244K +18,255 New
CIA
8
Capital Investment Advisors
Georgia
$239K +$232K +17,344 New
LPL Financial
9
LPL Financial
California
$198K +$192K +14,378 New
MFW
10
Meristem Family Wealth
Minnesota
$194K – – –
Bank of America
11
Bank of America
North Carolina
$164K +$26.3K +1,968 +20%
RJA
12
Raymond James & Associates
Florida
$161K +$1.02K +76 +0.7%
CAN
13
Cetera Advisor Networks
California
$156K +$228 +17 +0.2%
IAIM
14
International Assets Investment Management
Florida
$156K +$151K +11,307 New
UBS Group
15
UBS Group
Switzerland
$64K +$24.4K +1,822 +64%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$44K -$9.17K -685 -18%
Osaic Holdings
17
Osaic Holdings
Arizona
$26K -$9.84K -735 -28%
PAG
18
Private Advisor Group
New Jersey
$1K +$803 +60 New

FMY Hedge Fund Activity: Q2 2020 in Review

18 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in First Trust Mortgage Income Fund (FMY) for Q2 2020, worth a combined $32.8M — up 11% from $29.5M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new FMY positions and 0 closed out — a net gain of 5 holders — while 8 added to existing stakes and 3 trimmed.

The largest buyer was WESCAP Management Group, opening a new position worth an estimated $244K. The largest seller was Sit Investment Associates, cutting an estimated $465K.

  • 18 institutional investors held First Trust Mortgage Income Fund (FMY) as of Q2 2020, up from 13 in Q1 2020.
  • Funds reported $32.8M of First Trust Mortgage Income Fund stock for Q2 2020, up 11% quarter-over-quarter.
  • 5 funds opened new First Trust Mortgage Income Fund positions in Q2 2020 and 0 closed out, a net change of +5 holders.
  • The largest First Trust Mortgage Income Fund buyer in Q2 2020 was WESCAP Management Group, an estimated $244K added.
  • The largest First Trust Mortgage Income Fund seller in Q2 2020 was Sit Investment Associates, an estimated $465K sold.

Based on aggregated 13F filings for Q2 2020.