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First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

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.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.19% less ownership

Funds ownership: 27.6%26.41% (-1.2%)

5% less funds holding

Funds holding: 8278 (-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

Holders
78
Holders Change
-4
Holders Change %
-4.88%
% of All Funds
1.94%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
6
Increased
24
Reduced
38
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$41.3M -$2.57M -133,747 -6%
TNBTD
2
Trustmark National Bank Trust Department
Mississippi
$25M -$248K -12,901 -1%
RJFSA
3
Raymond James Financial Services Advisors
Florida
$18.6M +$743K +38,653 +4%
Bank of America
4
Bank of America
North Carolina
$17.8M -$167K -8,678 -0.9%
Wells Fargo
5
Wells Fargo
California
$17.7M -$1.39M -72,232 -7%
LPL Financial
6
LPL Financial
California
$15.4M -$1.01M -52,415 -6%
UBS Group
7
UBS Group
Switzerland
$13.9M -$663K -34,482 -5%
SWP
8
Stratos Wealth Partners
Ohio
$9.16M -$9.6M -499,252 -51%
Ameriprise
9
Ameriprise
Minnesota
$6.75M +$288K +14,958 +4%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$5.77M +$1.7M +88,456 +42%
LTFS
11
Ladenburg Thalmann Financial Services
Florida
$4.33M +$61K +3,172 +1%
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$3.84M -$93.2K -4,846 -2%
Cambridge Investment Research Advisors
13
Cambridge Investment Research Advisors
Iowa
$3.7M -$29.1K -1,515 -0.8%
CCA
14
Clearwater Capital Advisors
Illinois
$3.09M -$78.2K -4,069 -2%
Baird Financial Group
15
Baird Financial Group
Wisconsin
$2.95M -$785K -40,835 -21%
Janney Montgomery Scott
16
Janney Montgomery Scott
Pennsylvania
$2.4M -$2.48M -129,158 -51%
RJA
17
Raymond James & Associates
Florida
$2.35M +$76.7K +3,991 +3%
CAN
18
Cetera Advisor Networks
California
$2.08M +$11.4K +595 +0.6%
Susquehanna International Group
19
Susquehanna International Group
Pennsylvania
$1.9M +$807K +41,953 +73%
GWM
20
Geneos Wealth Management
Colorado
$1.85M -$55.1K -2,864 -3%
Jane Street
21
Jane Street
New York
$1.34M +$1.09M +56,515 +421%
IH
22
IFC Holdings
Florida
$1.15M +$7.69K +400 +0.7%
HFS
23
HL Financial Services
Kentucky
$1.07M -$247K -12,836 -19%
BTS
24
BB&T Securities
Virginia
$1.02M +$44.7K +2,326 +5%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$992K -$82.6K -4,293 -8%

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.