First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
94 hedge funds and large institutions have $137M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 27 increasing their positions, 39 reducing their positions, and 18 closing their positions.
4.54% less ownership
Funds ownership: 36.74% → 32.2% (-4.5%)
7% less funds holding
Funds holding: 101 → 94 (-7)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
31% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 39
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less capital invested
Capital invested by funds: $276M → $137M (-$139M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$17.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$3.67M |
| 3 |
Morgan Stanley
New York
|
+$2.25M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.26M |
| 5 |
WP
WealthPLAN Partners
Omaha,
Nebraska
|
+$582K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$20M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$18M |
| 3 |
TNBTD
Trustmark National Bank Trust Department
Jackson,
Mississippi
|
-$7.67M |
| 4 |
SAM
Stringer Asset Management
Memphis,
Tennessee
|
-$6.32M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.81M |
MDIV Hedge Fund Activity: Q1 2020 in Review
94 of the 4,547 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 2020, worth a combined $137M — down 50% from $276M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of MDIV and 13 opened new positions — a net loss of 5 holders — while 39 trimmed existing stakes and 27 added.
The largest buyer was Ameriprise, adding an estimated $17.9M. The largest seller was Raymond James & Associates, cutting an estimated $20M.
- 94 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q1 2020, down from 101 in Q4 2019.
- Funds reported $137M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q1 2020, down 50% quarter-over-quarter.
- 13 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q1 2020 and 18 closed out, a net change of -5 holders.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund buyer in Q1 2020 was Ameriprise, an estimated $17.9M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q1 2020 was Raymond James & Associates, an estimated $20M sold.
Based on aggregated 13F filings for Q1 2020.