First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
100 hedge funds and large institutions have $147M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 38 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
1% more funds holding
Funds holding: 99 → 100 (+1)
3.44% less ownership
Funds ownership: 37.32% → 33.88% (-3.4%)
11% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 38
13% less capital invested
Capital invested by funds: $169M → $147M (-$21.3M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.97M |
| 2 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
+$1.89M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.52M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.04M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$866K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GM
GeoWealth Management
Chicago,
Illinois
|
-$8.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$5.88M |
| 3 |
Morgan Stanley
New York
|
-$5.71M |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$3.43M |
| 5 |
FAM
Flaharty Asset Management
Clearwater,
Florida
|
-$3.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GM
101
GeoWealth Management
Chicago,
Illinois
| – | -$8.4M | -536,830 | Closed |
|
|
SOS
102
Silver Oak Securities
Jackson,
Tennessee
| – | -$2.01M | -128,442 | Closed |
|
|
AWM
103
AE Wealth Management
Topeka,
Kansas
| – | -$754K | -48,499 | Closed |
|
|
AF
104
Advisornet Financial
Minnetonka,
Minnesota
| – | -$603K | -38,510 | Closed |
|
|
ASN
105
Advisory Services Network
Atlanta,
Georgia
| – | -$80.8K | -5,161 | Closed |
|
|
TWM
106
Tradition Wealth Management
Edina,
Minnesota
| – | -$24K | -1,564 | Closed |
|
|
AIC
107
Archer Investment Corporation
Carmel,
Indiana
| – | -$10.1K | -648 | Closed |
|
108
Fidelity Investments
Boston,
Massachusetts
| – | -$16 | -1 | Closed |
|
MDIV Hedge Fund Activity: Q1 2024 in Review
100 of the 6,943 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 Q1 2024, worth a combined $147M — down 13% from $169M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new MDIV positions and 8 closed out — a net gain of 2 holders — while 34 added to existing stakes and 38 trimmed.
The largest buyer was Cetera Investment Advisers, adding an estimated $2.97M. The largest seller was GeoWealth Management, exiting entirely with an estimated $8.4M sold.
- 100 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q1 2024, up from 99 in Q4 2023.
- Funds reported $147M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q1 2024, down 13% quarter-over-quarter.
- 10 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q1 2024 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 Q1 2024 was Cetera Investment Advisers, an estimated $2.97M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q1 2024 was GeoWealth Management, an estimated $8.4M sold.
Based on aggregated 13F filings for Q1 2024.