First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
95 hedge funds and large institutions have $134M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 40 reducing their positions, and 10 closing their positions.
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
2% more funds holding
Funds holding: 93 → 95 (+2)
0.06% less ownership
Funds ownership: 32.49% → 32.43% (-0.06%)
2% less capital invested
Capital invested by funds: $137M → $134M (-$3.02M)
33% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 40
50% less call options, than puts
Call options by funds: $8K | Put options by funds: $16K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GM
GeoWealth Management
Chicago,
Illinois
|
+$1.27M |
| 2 |
FAM
Flaharty Asset Management
Clearwater,
Florida
|
+$866K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$742K |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$614K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$243K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$2.83M |
| 2 |
Morgan Stanley
New York
|
-$823K |
| 3 |
SHFP
Second Half Financial Partners
Sebring,
Florida
|
-$582K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$523K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$481K |
MDIV Hedge Fund Activity: Q3 2023 in Review
95 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) for Q3 2023, worth a combined $134M — down 2.2% from $137M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MDIV positions and 10 closed out — a net gain of 2 holders — while 27 added to existing stakes and 40 trimmed.
The largest buyer was GeoWealth Management, adding an estimated $1.27M. The largest seller was LPL Financial, cutting an estimated $2.83M.
- 95 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q3 2023, up from 93 in Q2 2023.
- Funds reported $134M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q3 2023, down 2.2% quarter-over-quarter.
- 12 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q3 2023 and 10 closed out, a net change of +2 holders.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund buyer in Q3 2023 was GeoWealth Management, an estimated $1.27M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q3 2023 was LPL Financial, an estimated $2.83M sold.
Based on aggregated 13F filings for Q3 2023.