First Trust Mid Cap Value AlphaDEX Fund
FNK
28 hedge funds and large institutions have $27.8M invested in First Trust Mid Cap Value AlphaDEX Fund in 2016 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 5 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
4% less capital invested
Capital invested by funds: $29M → $27.8M (-$1.2M)
8.77% less ownership
Funds ownership: 65.01% → 56.24% (-8.8%)
10% less funds holding
Funds holding: 31 → 28 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.19M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$338K |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$230K |
| 4 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$142K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.04M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$742K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$514K |
| 4 |
Morgan Stanley
New York
|
-$295K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$268K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $7K | – | – | – |
|
|
WEC
27
Winslow Evans & Crocker
Boston,
Massachusetts
| $6.58K | +$6.25K | +200 | New |
|
|
28
Ameriprise
Minneapolis,
Minnesota
| – | -$742K | -24,929 | Closed |
|
|
RJFSA
29
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$514K | -17,270 | Closed |
|
|
30
Creative Planning
Overland Park,
Kansas
| – | -$268K | -9,000 | Closed |
|
|
IWMPD
31
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$45K | -1,500 | Closed |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| – | -$6.25K | -200 | Closed |
|
FNK Hedge Fund Activity: Q4 2016 in Review
28 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q4 2016, worth a combined $27.8M — down 4.2% from $29M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FNK and 2 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 11 added.
The largest buyer was Raymond James & Associates, adding an estimated $1.19M. The largest seller was Wells Fargo, cutting an estimated $4.04M.
- 28 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q4 2016, down from 31 in Q3 2016.
- Funds reported $27.8M of First Trust Mid Cap Value AlphaDEX Fund stock for Q4 2016, down 4.2% quarter-over-quarter.
- 2 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q4 2016 and 5 closed out, a net change of -3 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q4 2016 was Raymond James & Associates, an estimated $1.19M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q4 2016 was Wells Fargo, an estimated $4.04M sold.
Based on aggregated 13F filings for Q4 2016.