First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
93 hedge funds and large institutions have $255M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 28 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
39% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 28
14% more capital invested
Capital invested by funds: $224M → $255M (+$30.8M)
11% more funds holding
Funds holding: 84 → 93 (+9)
3.83% more ownership
Funds ownership: 33.06% → 36.89% (+3.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$12.8M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$10.9M |
| 3 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
+$5.53M |
| 4 |
SAM
Stringer Asset Management
Memphis,
Tennessee
|
+$3.03M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$8.99M |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
-$730K |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$479K |
| 4 |
CFGS
Concourse Financial Group Securities
Birmingham,
Alabama
|
-$433K |
| 5 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
-$408K |
MDIV Hedge Fund Activity: Q3 2019 in Review
93 of the 4,574 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 2019, worth a combined $255M — up 14% from $224M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new MDIV positions and 4 closed out — a net gain of 9 holders — while 39 added to existing stakes and 28 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $12.8M. The largest seller was Ameriprise, cutting an estimated $8.99M.
- 93 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q3 2019, up from 84 in Q2 2019.
- Funds reported $255M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q3 2019, up 14% quarter-over-quarter.
- 13 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q3 2019 and 4 closed out, a net change of +9 holders.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund buyer in Q3 2019 was Raymond James & Associates, an estimated $12.8M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q3 2019 was Ameriprise, an estimated $8.99M sold.
Based on aggregated 13F filings for Q3 2019.