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First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

78 hedge funds and large institutions have $225M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2017 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 24 increasing their positions, 38 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.19% less ownership

Funds ownership: 27.6%26.41% (-1.2%)

5% less funds holding

Funds holding: 8278 (-4)

7% less capital invested

Capital invested by funds: $243M → $225M (-$18.1M)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

37% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 38

Holders
78
Holders Change
-4
Holders Change %
-4.88%
% of All Funds
1.94%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
6
Increased
24
Reduced
38
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AIP
51
Ahrens Investment Partners
Louisiana
$356K -$80.8K -4,200 -18%
LFAS
52
Level Four Advisory Services
Texas
$335K -$18.4K -959 -5%
Envestnet Asset Management
53
Envestnet Asset Management
Illinois
$328K -$17.3K -899 -5%
SFS
54
Sowell Financial Services
Arkansas
$325K +$1.98K +103 +0.6%
MML Investors Services
55
MML Investors Services
Massachusetts
$297K +$28K +1,456 +10%
KSA
56
Ken Stern & Associates
California
$270K
Citigroup
57
Citigroup
New York
$265K +$86.2K +4,483 +48%
BRWA
58
B. Riley Wealth Advisors
Florida
$252K -$18.8K -978 -7%
ONB
59
Old National Bancorp
Indiana
$226K +$226K +11,772 New
CFA
60
Cahill Financial Advisors
Minnesota
$222K
Lido Advisors
61
Lido Advisors
California
$209K
Koshinski Asset Management
62
Koshinski Asset Management
Illinois
$206K -$21.1K -1,095 -9%
NA
63
NewEdge Advisors
Louisiana
$204K
BTIS
64
BB&T Investment Services
North Carolina
$187K +$4.69K +244 +3%
SPIA
65
Steward Partners Investment Advisory
New York
$178K +$14.1K +733 +9%
CAL
66
Capital Analysts LLC
Pennsylvania
$147K -$45.4K -2,362 -24%
AFNAS
67
American Financial Network Advisory Services
California
$138K +$138K +7,191 New
US Bancorp
68
US Bancorp
Minnesota
$61K +$26.4K +1,373 +76%
AA
69
AlphaMark Advisors
Kentucky
$33K
OC
70
Oakworth Capital
Alabama
$32K
BF
71
BOK Financial
Oklahoma
$27K +$26.9K +1,400 New
GRP
72
Global Retirement Partners
California
$8K
NC
73
NewSquare Capital
Pennsylvania
$7K +$6.56K +341 New
PFGIA
74
Patriot Financial Group Insurance Agency
Massachusetts
$6K
NFG
75
Next Financial Group
Texas
$4K

MDIV Hedge Fund Activity: Q3 2017 in Review

78 of the 4,012 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 2017, worth a combined $225M — down 7.5% from $243M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of MDIV and 6 opened new positions — a net loss of 2 holders — while 38 trimmed existing stakes and 24 added.

The largest buyer was Royal Bank of Canada, adding an estimated $1.7M. The largest seller was Stratos Wealth Partners, cutting an estimated $9.6M.

  • 78 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q3 2017, down from 82 in Q2 2017.
  • Funds reported $225M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q3 2017, down 7.5% quarter-over-quarter.
  • 6 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q3 2017 and 8 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 2017 was Royal Bank of Canada, an estimated $1.7M added.
  • The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q3 2017 was Stratos Wealth Partners, an estimated $9.6M sold.

Based on aggregated 13F filings for Q3 2017.