First Trust Mid Cap Value AlphaDEX Fund
FNK
25 hedge funds and large institutions have $18M invested in First Trust Mid Cap Value AlphaDEX Fund in 2020 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
12% more capital invested
Capital invested by funds: $16M → $18M (+$2M)
4% more funds holding
Funds holding: 24 → 25 (+1)
3.3% more ownership
Funds ownership: 46.46% → 49.76% (+3.3%)
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WP
WealthSource Partners
San Luis Obispo,
California
|
+$987K |
| 2 |
LPL Financial
San Diego,
California
|
+$704K |
| 3 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$667K |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$235K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$199K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$1.09M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$874K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$728K |
| 4 |
Morgan Stanley
New York
|
-$703K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$531K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WEC
26
Winslow Evans & Crocker
Boston,
Massachusetts
| $2K | -$8.11K | -250 | -83% |
|
|
27
Citadel Advisors
Miami,
Florida
| – | -$531K | -19,296 | Closed |
|
28
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$285K | -10,358 | Closed |
|
|
ABC
29
Associated Banc-Corp
Green Bay,
Wisconsin
| – | -$29K | -1,046 | Closed |
|
|
NNP
30
Nachman Norwood & Parrott
Greenville,
South Carolina
| – | -$3K | -100 | Closed |
|
FNK Hedge Fund Activity: Q4 2020 in Review
25 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in First Trust Mid Cap Value AlphaDEX Fund (FNK) for Q4 2020, worth a combined $18M — up 12% from $16M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FNK positions and 4 closed out — a net gain of 1 holder — while 3 added to existing stakes and 11 trimmed.
The largest buyer was WealthSource Partners, opening a new position worth an estimated $987K. The largest seller was Benjamin F. Edwards & Company, cutting an estimated $1.09M.
- 25 institutional investors held First Trust Mid Cap Value AlphaDEX Fund (FNK) as of Q4 2020, up from 24 in Q3 2020.
- Funds reported $18M of First Trust Mid Cap Value AlphaDEX Fund stock for Q4 2020, up 12% quarter-over-quarter.
- 5 funds opened new First Trust Mid Cap Value AlphaDEX Fund positions in Q4 2020 and 4 closed out, a net change of +1 holder.
- The largest First Trust Mid Cap Value AlphaDEX Fund buyer in Q4 2020 was WealthSource Partners, an estimated $987K added.
- The largest First Trust Mid Cap Value AlphaDEX Fund seller in Q4 2020 was Benjamin F. Edwards & Company, an estimated $1.09M sold.
Based on aggregated 13F filings for Q4 2020.