First Trust Mid Cap Value AlphaDEX Fund
FNK
24 hedge funds and large institutions have $32M invested in First Trust Mid Cap Value AlphaDEX Fund in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 8 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
0% more capital invested
Capital invested by funds: $31.9M → $32M (+$55K)
0.81% less ownership
Funds ownership: 58.76% → 57.95% (-0.81%)
20% less funds holding
Funds holding: 30 → 24 (-6)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
+$1.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$560K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$365K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$339K |
| 5 |
Jane Street
New York
|
+$246K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$922K |
| 2 |
Morgan Stanley
New York
|
-$723K |
| 3 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$554K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$434K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$298K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Citadel Advisors
Miami,
Florida
| – | -$298K | -8,600 | Closed |
|
|
CCA
27
Clearwater Capital Advisors
Hoffman Estates,
Illinois
| – | -$229K | -6,639 | Closed |
|
|
EFS
28
Econ Financial Services
Harrisburg,
Pennsylvania
| – | -$202K | -5,836 | Closed |
|
|
CWA
29
Clarus Wealth Advisors
Peoria,
Arizona
| – | -$145K | -4,194 | Closed |
|
|
CWM
30
Cornerstone Wealth Management
St. Peters,
Missouri
| – | -$554K | -2,983 | Closed |
|
|
NWM
31
Northwest Wealth Management
Spencer,
Iowa
| – | -$3K | -79 | Closed |
|
FNK Hedge Fund Activity: Q2 2019 in Review
24 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q2 2019, worth a combined $32M — up 0.17% from $31.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FNK and 2 opened new positions — a net loss of 6 holders — while 6 trimmed existing stakes and 12 added.
The largest buyer was Gladstone Institutional Advisory, adding an estimated $1.8M. The largest seller was Kingsview Wealth Management, exiting entirely with an estimated $922K sold.
- 24 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q2 2019, down from 30 in Q1 2019.
- Funds reported $32M of First Trust Mid Cap Value AlphaDEX Fund stock for Q2 2019, up 0.17% quarter-over-quarter.
- 2 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q2 2019 and 8 closed out, a net change of -6 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q2 2019 was Gladstone Institutional Advisory, an estimated $1.8M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q2 2019 was Kingsview Wealth Management, an estimated $922K sold.
Based on aggregated 13F filings for Q2 2019.