First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
82 hedge funds and large institutions have $243M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 34 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
6% more funds holding
Funds holding: 77 → 82 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $247M → $243M (-$4.35M)
1.07% less ownership
Funds ownership: 28.67% → 27.6% (-1.1%)
24% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.63M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$765K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$691K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$610K |
| 5 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$609K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFWA
Summit Financial Wealth Advisors
Lafayette,
Louisiana
|
-$1.55M |
| 2 |
WI
Wintrust Investments
Chicago,
Illinois
|
-$1.28M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.02M |
| 4 |
LPL Financial
San Diego,
California
|
-$892K |
| 5 |
Credit Agricole
Montrouge Cedex,
France
|
-$864K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OC
76
Oakworth Capital
Birmingham,
Alabama
| $32K | – | – | – |
|
|
GRP
77
Global Retirement Partners
San Rafael,
California
| $8K | – | – | – |
|
|
PFGIA
78
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| $6K | -$2.31K | -119 | -27% |
|
|
GI
79
Gradient Investments
Arden Hills,
Minnesota
| $5K | +$4.86K | +250 | New |
|
|
NFG
80
Next Financial Group
Houston,
Texas
| $4K | – | – | – |
|
|
FAM
81
Flaharty Asset Management
Clearwater,
Florida
| $215 | +$214 | +11 | New |
|
|
SFWA
82
Summit Financial Wealth Advisors
Lafayette,
Louisiana
| – | -$1.55M | -79,598 | Closed |
|
|
WI
83
Wintrust Investments
Chicago,
Illinois
| – | -$1.28M | -65,310 | Closed |
|
|
84
Credit Agricole
Montrouge Cedex,
France
| – | -$864K | -60,729 | Closed |
|
|
IAA
85
Independent Advisor Alliance
Charlotte,
North Carolina
| – | -$215K | -11,045 | Closed |
|
|
SCA
86
Snowden Capital Advisors
New York
| – | -$199K | -10,179 | Closed |
|
|
SBL
87
Sargent Bickham Lagudis
Boulder,
Colorado
| – | -$4K | -200 | Closed |
|
MDIV Hedge Fund Activity: Q2 2017 in Review
82 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 Q2 2017, worth a combined $243M — down 1.8% from $247M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new MDIV positions and 6 closed out — a net gain of 6 holders — while 26 added to existing stakes and 34 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.63M. The largest seller was Summit Financial Wealth Advisors, exiting entirely with an estimated $1.55M sold.
- 82 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q2 2017, up from 77 in Q1 2017.
- Funds reported $243M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q2 2017, down 1.8% quarter-over-quarter.
- 12 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q2 2017 and 6 closed out, a net change of +6 holders.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund buyer in Q2 2017 was Morgan Stanley, an estimated $1.63M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q2 2017 was Summit Financial Wealth Advisors, an estimated $1.55M sold.
Based on aggregated 13F filings for Q2 2017.