First Trust Mid Cap Value AlphaDEX Fund
FNK
30 hedge funds and large institutions have $29.9M invested in First Trust Mid Cap Value AlphaDEX Fund in 2017 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
7% more funds holding
Funds holding: 28 → 30 (+2)
4.5% less ownership
Funds ownership: 58.74% → 54.25% (-4.5%)
8% less capital invested
Capital invested by funds: $32.4M → $29.9M (-$2.49M)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.96M |
| 2 |
LI
LVZ Inc
Holland,
Michigan
|
+$322K |
| 3 |
TSS
Two Sigma Securities
New York
|
+$251K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$238K |
| 5 |
VF
Virtu Financial
New York
|
+$229K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.27M |
| 2 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$875K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$523K |
| 4 |
Morgan Stanley
New York
|
-$415K |
| 5 |
LPL Financial
San Diego,
California
|
-$311K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WEC
26
Winslow Evans & Crocker
Boston,
Massachusetts
| $19.6K | -$1.67K | -50 | -8% |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $16K | – | – | – |
|
28
Citigroup
New York
| $8K | – | – | – |
|
|
SPIA
29
Steward Partners Investment Advisory
New York
| $6K | +$5.51K | +165 | +532% |
|
30
Jane Street
New York
| – | -$224K | -6,697 | Closed |
|
|
DADC
31
D.A. Davidson & Co
Great Falls,
Montana
| – | -$52K | -1,582 | Closed |
|
FNK Hedge Fund Activity: Q3 2017 in Review
30 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q3 2017, worth a combined $29.9M — down 7.7% from $32.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FNK positions and 2 closed out — a net gain of 3 holders — while 8 added to existing stakes and 12 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $1.96M. The largest seller was Wells Fargo, cutting an estimated $4.27M.
- 30 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q3 2017, up from 28 in Q2 2017.
- Funds reported $29.9M of First Trust Mid Cap Value AlphaDEX Fund stock for Q3 2017, down 7.7% quarter-over-quarter.
- 5 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q3 2017 and 2 closed out, a net change of +3 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q3 2017 was Raymond James & Associates, an estimated $1.96M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q3 2017 was Wells Fargo, an estimated $4.27M sold.
Based on aggregated 13F filings for Q3 2017.