First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
79 hedge funds and large institutions have $227M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2018 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 38 reducing their positions, and 10 closing their positions.
11% more capital invested
Capital invested by funds: $204M → $227M (+$23.3M)
0.59% more ownership
Funds ownership: 28.13% → 28.72% (+0.59%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 88 → 79 (-9)
42% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 38
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$13.6M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$3.1M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$982K |
| 4 |
LPL Financial
San Diego,
California
|
+$698K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$428K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$9.85M |
| 2 |
Morgan Stanley
New York
|
-$8.05M |
| 3 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$3.45M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.74M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
SEI Investments
Oaks,
Pennsylvania
| $4K | +$3.83K | +210 | New |
|
77
William Blair & Company
Chicago,
Illinois
| $2K | – | – | – |
|
|
NA
78
NewEdge Advisors
New Orleans,
Louisiana
| $194 | – | – | – |
|
|
BRWA
79
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$289K | -16,131 | Closed |
|
80
Citadel Advisors
Miami,
Florida
| – | -$231K | -12,924 | Closed |
|
|
KA
81
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$200K | -11,199 | Closed |
|
82
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$164K | -9,180 | Closed |
|
|
APP
83
Avantax Planning Partners
Dubuque,
Iowa
| – | -$43K | -2,400 | Closed |
|
84
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$9K | -500 | Closed |
|
|
AWA
85
Acorn Wealth Advisors
Grand Blanc,
Michigan
| – | -$8K | -449 | Closed |
|
|
IWM
86
IHT Wealth Management
Chicago,
Illinois
| – | -$8K | -427 | Closed |
|
|
PFGIA
87
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$6K | -319 | Closed |
|
|
RFC
88
Regions Financial Corp
Birmingham,
Alabama
| – | -$5K | -271 | Closed |
|
MDIV Hedge Fund Activity: Q2 2018 in Review
79 of the 4,369 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 2018, worth a combined $227M — up 11% from $204M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of MDIV and 4 opened new positions — a net loss of 6 holders — while 38 trimmed existing stakes and 22 added.
The largest buyer was Cornerstone Wealth Management, adding an estimated $13.6M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $9.85M.
- 79 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q2 2018, down from 88 in Q1 2018.
- Funds reported $227M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q2 2018, up 11% quarter-over-quarter.
- 4 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q2 2018 and 10 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 2018 was Cornerstone Wealth Management, an estimated $13.6M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q2 2018 was Raymond James Financial Services Advisors, an estimated $9.85M sold.
Based on aggregated 13F filings for Q2 2018.