First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
84 hedge funds and large institutions have $136M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 35 reducing their positions, and 17 closing their positions.
0.44% less ownership
Funds ownership: 31.47% → 31.03% (-0.44%)
9% less capital invested
Capital invested by funds: $149M → $136M (-$12.8M)
11% less funds holding
Funds holding: 94 → 84 (-10)
34% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 35
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
59% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Flaharty Asset Management
Clearwater,
Florida
|
+$4.17M |
| 2 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
+$1.43M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$838K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$247K |
| 5 |
CIAS
Capital Investment Advisory Services
Raleigh,
North Carolina
|
+$194K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$2.84M |
| 2 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$2.63M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$2.25M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.44M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.36M |
MDIV Hedge Fund Activity: Q3 2020 in Review
84 of the 4,956 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 2020, worth a combined $136M — down 8.6% from $149M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of MDIV and 7 opened new positions — a net loss of 10 holders — while 35 trimmed existing stakes and 23 added.
The largest buyer was Flaharty Asset Management, adding an estimated $4.17M. The largest seller was SSI Investment Management, cutting an estimated $2.84M.
- 84 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q3 2020, down from 94 in Q2 2020.
- Funds reported $136M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q3 2020, down 8.6% quarter-over-quarter.
- 7 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q3 2020 and 17 closed out, a net change of -10 holders.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund buyer in Q3 2020 was Flaharty Asset Management, an estimated $4.17M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q3 2020 was SSI Investment Management, an estimated $2.84M sold.
Based on aggregated 13F filings for Q3 2020.