First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
87 hedge funds and large institutions have $157M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 42 reducing their positions, and 11 closing their positions.
64% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 11
5% more funds holding
Funds holding: 83 → 87 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.48% less ownership
Funds ownership: 28.83% → 27.35% (-1.5%)
31% less capital invested
Capital invested by funds: $230M → $157M (-$72.3M)
60% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$5.14M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.69M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$695K |
| 4 |
MA
Mutual Advisors
Omaha,
Nebraska
|
+$437K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$11.6M |
| 2 |
Morgan Stanley
New York
|
-$4.69M |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$4.26M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.71M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.26M |
MDIV Hedge Fund Activity: Q4 2018 in Review
87 of the 4,489 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 Q4 2018, worth a combined $157M — down 31% from $230M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new MDIV positions and 11 closed out — a net gain of 7 holders — while 17 added to existing stakes and 42 trimmed.
The largest buyer was Trustmark National Bank Trust Department, adding an estimated $5.14M. The largest seller was Cornerstone Wealth Management, cutting an estimated $11.6M.
- 87 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q4 2018, up from 83 in Q3 2018.
- Funds reported $157M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q4 2018, down 31% quarter-over-quarter.
- 18 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q4 2018 and 11 closed out, a net change of +7 holders.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund buyer in Q4 2018 was Trustmark National Bank Trust Department, an estimated $5.14M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $11.6M sold.
Based on aggregated 13F filings for Q4 2018.