First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
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.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.19% less ownership
Funds ownership: 27.6% → 26.41% (-1.2%)
5% less funds holding
Funds holding: 82 → 78 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.7M |
| 2 |
Jane Street
New York
|
+$1.09M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$807K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$743K |
| 5 |
TSS
Two Sigma Securities
New York
|
+$408K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$9.6M |
| 2 |
Morgan Stanley
New York
|
-$2.57M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$2.48M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.39M |
| 5 |
LPL Financial
San Diego,
California
|
-$1.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $4K | +$4.29K | +223 | New |
|
77
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $2K | -$58.6K | -3,047 | -96% |
|
|
BWM
78
BerganKDV Wealth Management
Bloomington,
Minnesota
| – | -$745K | -38,611 | Closed |
|
|
NWM
79
Northwest Wealth Management
Spencer,
Iowa
| – | -$403K | -20,901 | Closed |
|
|
MIAN
80
Mariner Independent Advisor Network
Overland Park,
Kansas
| – | -$353K | -18,333 | Closed |
|
81
Creative Planning
Overland Park,
Kansas
| – | -$142K | -7,344 | Closed |
|
|
DADC
82
D.A. Davidson & Co
Great Falls,
Montana
| – | -$95K | -4,964 | Closed |
|
83
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$73K | -3,800 | Closed |
|
|
GI
84
Gradient Investments
Arden Hills,
Minnesota
| – | -$5K | -250 | Closed |
|
|
FAM
85
Flaharty Asset Management
Clearwater,
Florida
| – | -$215 | -11 | Closed |
|
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.