First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund
MDIV
91 hedge funds and large institutions have $159M invested in First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund in 2025 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 37 increasing their positions, 30 reducing their positions, and 14 closing their positions.
564% more call options, than puts
Call options by funds: $558K | Put options by funds: $84K
23% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 30
1.26% less ownership
Funds ownership: 38.69% → 37.43% (-1.3%)
8% less capital invested
Capital invested by funds: $173M → $159M (-$14.1M)
10% less funds holding
Funds holding: 101 → 91 (-10)
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$8.11M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.52M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.06M |
| 4 |
TCWM
Total Clarity Wealth Management
St. Charles,
Illinois
|
+$846K |
| 5 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$433K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Flaharty Asset Management
Clearwater,
Florida
|
-$25.8M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$694K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$657K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$582K |
| 5 |
CIA
Concurrent Investment Advisors
Tampa,
Florida
|
-$367K |
MDIV Hedge Fund Activity: Q3 2025 in Review
91 of the 7,641 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 2025, worth a combined $159M — down 8.2% from $173M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of MDIV and 5 opened new positions — a net loss of 9 holders — while 30 trimmed existing stakes and 37 added.
The largest buyer was Stifel Financial, adding an estimated $8.11M. The largest seller was Flaharty Asset Management, exiting entirely with an estimated $25.8M sold.
- 91 institutional investors held First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) as of Q3 2025, down from 101 in Q2 2025.
- Funds reported $159M of First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund stock for Q3 2025, down 8.2% quarter-over-quarter.
- 5 funds opened new First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund positions in Q3 2025 and 14 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 2025 was Stifel Financial, an estimated $8.11M added.
- The largest First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund seller in Q3 2025 was Flaharty Asset Management, an estimated $25.8M sold.
Based on aggregated 13F filings for Q3 2025.