ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN
MORL
MORL was delisted on the 24th of March, 2020.
11 hedge funds and large institutions have $4.19M invested in ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 3 closing their positions.
8% less funds holding
Funds holding: 12 → 11 (-1)
14% less capital invested
Capital invested by funds: $4.86M → $4.19M (-$669K)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
+$174K |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
+$33.3K |
| 3 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$20.1K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
+$479 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$662K |
| 2 |
Jane Street
New York
|
-$297K |
| 3 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$105K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$17K |
| 5 |
FNBT
FineMark National Bank & Trust
Fort Myers,
Florida
|
-$9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Creative Planning
Overland Park,
Kansas
| $3.02M | -$17K | -1,100 | -0.6% |
|
|
SPC
2
Sigma Planning Corp
Ann Arbor,
Michigan
| $662K | +$20.1K | +1,300 | +3% |
|
3
Morgan Stanley
New York
| $186K | -$1.17K | -76 | -0.6% |
|
|
KA
4
Kovack Advisors
Ft. Lauderdale,
Florida
| $178K | +$174K | +11,272 | New |
|
|
CFA
5
Carroll Financial Associates
Charlotte,
North Carolina
| $42K | -$105K | -6,820 | -72% |
|
6
Royal Bank of Canada
Toronto,
Ontario, Canada
| $34K | – | – | – |
|
|
AG
7
Advisor Group
Phoenix,
Arizona
| $34K | +$33.3K | +2,155 | New |
|
|
IA
8
IFP Advisors
Tampa,
Florida
| $18K | +$479 | +31 | +3% |
|
|
WA
9
WFG Advisors
Dallas,
Texas
| $13K | – | – | – |
|
10
Bank of Montreal
Toronto,
Ontario, Canada
| $5K | – | – | – |
|
|
BCM
11
Brookstone Capital Management
Wheaton,
Illinois
| – | -$662K | -44,000 | Closed |
|
|
12
Jane Street
New York
| – | -$297K | -19,709 | Closed |
|
|
FNBT
13
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$9K | -600 | Closed |
|
MORL Hedge Fund Activity: Q3 2016 in Review
11 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) for Q3 2016, worth a combined $4.19M — down 14% from $4.86M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of MORL and 2 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 2 added.
The largest buyer was Kovack Advisors, opening a new position worth an estimated $174K. The largest seller was Brookstone Capital Management, exiting entirely with an estimated $662K sold.
- 11 institutional investors held ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) as of Q3 2016, down from 12 in Q2 2016.
- Funds reported $4.19M of ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN stock for Q3 2016, down 14% quarter-over-quarter.
- 2 funds opened new ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN positions in Q3 2016 and 3 closed out, a net change of -1 holder.
- The largest ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN buyer in Q3 2016 was Kovack Advisors, an estimated $174K added.
- The largest ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN seller in Q3 2016 was Brookstone Capital Management, an estimated $662K sold.
Based on aggregated 13F filings for Q3 2016.