First Trust Mid Cap Value AlphaDEX Fund
FNK
31 hedge funds and large institutions have $32.1M invested in First Trust Mid Cap Value AlphaDEX Fund in 2018 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
7% more capital invested
Capital invested by funds: $29.9M → $32.1M (+$2.19M)
7% more funds holding
Funds holding: 29 → 31 (+2)
1.23% more ownership
Funds ownership: 65.95% → 67.19% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$1.79M |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$253K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$218K |
| 4 |
SG
StoneX Group
New York
|
+$218K |
| 5 |
Morgan Stanley
New York
|
+$190K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$342K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$201K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$171K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$146K |
| 5 |
LI
LVZ Inc
Holland,
Michigan
|
-$60.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHA
26
First Horizon Advisors
Memphis,
Tennessee
| $9K | +$37 | +1 | +0.4% |
|
27
Citigroup
New York
| $8K | – | – | – |
|
|
SPIA
28
Steward Partners Investment Advisory
New York
| $7K | – | – | – |
|
|
NWM
29
Northwest Wealth Management
Spencer,
Iowa
| $3K | – | – | – |
|
|
RWA
30
River Wealth Advisors
Camp Hill,
Pennsylvania
| $1K | – | – | – |
|
31
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$53K | -1,472 | Closed |
|
FNK Hedge Fund Activity: Q3 2018 in Review
31 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q3 2018, worth a combined $32.1M — up 7.4% from $29.9M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FNK positions and 1 closed out — a net gain of 2 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Cornerstone Wealth Management, adding an estimated $1.79M. The largest seller was Bank of America, cutting an estimated $342K.
- 31 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q3 2018, up from 29 in Q2 2018.
- Funds reported $32.1M of First Trust Mid Cap Value AlphaDEX Fund stock for Q3 2018, up 7.4% quarter-over-quarter.
- 3 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q3 2018 and 1 closed out, a net change of +2 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q3 2018 was Cornerstone Wealth Management, an estimated $1.79M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q3 2018 was Bank of America, an estimated $342K sold.
Based on aggregated 13F filings for Q3 2018.