First Trust Mid Cap Value AlphaDEX Fund
FNK
27 hedge funds and large institutions have $33.3M invested in First Trust Mid Cap Value AlphaDEX Fund in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
14% more capital invested
Capital invested by funds: $29.2M → $33.3M (+$4.03M)
8% more funds holding
Funds holding: 25 → 27 (+2)
1.24% more ownership
Funds ownership: 56.12% → 57.35% (+1.2%)
0% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$2.71M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$903K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$580K |
| 4 |
Jane Street
New York
|
+$450K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$274K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$1.14M |
| 2 |
GIA
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
|
-$856K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$764K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$374K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$212K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $8K | – | – | – |
|
|
GEA
27
Glen Eagle Advisors
Kingston,
New Jersey
| $7.2K | +$6.94K | +200 | New |
|
|
SPIA
28
Steward Partners Investment Advisory
New York
| $5K | – | – | – |
|
|
RJA
29
Raymond James & Associates
St Petersburg,
Florida
| – | -$212K | -6,297 | Closed |
|
|
FAAS
30
First Allied Advisory Services
San Diego,
California
| – | -$75K | -2,241 | Closed |
|
|
PCG
31
Private Capital Group
West Hartford,
Connecticut
| – | -$1K | -19 | Closed |
|
FNK Hedge Fund Activity: Q4 2019 in Review
27 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q4 2019, worth a combined $33.3M — up 14% from $29.2M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FNK positions and 3 closed out — a net gain of 2 holders — while 10 added to existing stakes and 10 trimmed.
The largest buyer was Merit Financial Group, opening a new position worth an estimated $2.71M. The largest seller was Benjamin F. Edwards & Company, cutting an estimated $1.14M.
- 27 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q4 2019, up from 25 in Q3 2019.
- Funds reported $33.3M of First Trust Mid Cap Value AlphaDEX Fund stock for Q4 2019, up 14% quarter-over-quarter.
- 5 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q4 2019 and 3 closed out, a net change of +2 holders.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q4 2019 was Merit Financial Group, an estimated $2.71M added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q4 2019 was Benjamin F. Edwards & Company, an estimated $1.14M sold.
Based on aggregated 13F filings for Q4 2019.