First Trust Indxx Medical Devices ETF
MDEV
6 hedge funds and large institutions have $728K invested in First Trust Indxx Medical Devices ETF in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 2 closing their positions.
5.67% less ownership
Funds ownership: 13.39% → 7.72% (-5.7%)
14% less funds holding
Funds holding: 7 → 6 (-1)
41% less capital invested
Capital invested by funds: $1.23M → $728K (-$499K)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brasada Capital Management
Houston,
Texas
|
+$242K |
| 2 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
+$8.17K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$483K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$240K |
| 3 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$42.3K |
| 4 |
JAWM
J. Arnold Wealth Management
Youngstown,
Ohio
|
-$7.65K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Jane Street
New York
| $335K | -$483K | -23,427 | -59% |
|
|
BCM
2
Brasada Capital Management
Houston,
Texas
| $246K | +$242K | +11,728 | New |
|
|
HI
3
Harbour Investments
Madison,
Wisconsin
| $57K | -$42.3K | -2,049 | -43% |
|
|
AAP
4
Arax Advisory Partners
Denver,
Colorado
| $36K | +$8.17K | +396 | +30% |
|
|
BAAM
5
Baker Avenue Asset Management
San Francisco,
California
| $34K | – | – | – |
|
6
Osaic Holdings
Scottsdale,
Arizona
| $20.5K | – | – | – |
|
|
7
Citadel Advisors
Miami,
Florida
| – | -$240K | -11,796 | Closed |
|
|
JAWM
8
J. Arnold Wealth Management
Youngstown,
Ohio
| – | -$7.65K | -376 | Closed |
|
MDEV Hedge Fund Activity: Q2 2023 in Review
6 of the 6,373 institutional investors tracked by Wall St. Rank reported a position in First Trust Indxx Medical Devices ETF (MDEV) for Q2 2023, worth a combined $728K — down 41% from $1.23M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of MDEV and 1 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 1 added.
The largest buyer was Brasada Capital Management, opening a new position worth an estimated $242K. The largest seller was Jane Street, cutting an estimated $483K.
- 6 institutional investors held First Trust Indxx Medical Devices ETF (MDEV) as of Q2 2023, down from 7 in Q1 2023.
- Funds reported $728K of First Trust Indxx Medical Devices ETF stock for Q2 2023, down 41% quarter-over-quarter.
- 1 fund opened new First Trust Indxx Medical Devices ETF positions in Q2 2023 and 2 closed out, a net change of -1 holder.
- The largest First Trust Indxx Medical Devices ETF buyer in Q2 2023 was Brasada Capital Management, an estimated $242K added.
- The largest First Trust Indxx Medical Devices ETF seller in Q2 2023 was Jane Street, an estimated $483K sold.
Based on aggregated 13F filings for Q2 2023.