ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN
MORL
MORL was delisted on the 24th of March, 2020.
12 hedge funds and large institutions have $8.99M invested in ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 4 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
22% more capital invested
Capital invested by funds: $7.38M → $8.99M (+$1.61M)
20% less funds holding
Funds holding: 15 → 12 (-3)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$1.86M |
| 2 |
MBTD
Mechanics Bank - Trust Department
Walnut Creek,
California
|
+$544K |
| 3 |
Jane Street
New York
|
+$271K |
| 4 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$2.27K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$616 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$576K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$404K |
| 3 |
Morgan Stanley
New York
|
-$162K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$19K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Creative Planning
Overland Park,
Kansas
| $5.8M | +$1.86M | +102,350 | +49% |
|
|
EA
2
Edge Advisors
Atlanta,
Georgia
| $1.13M | – | – | – |
|
|
SPC
3
Sigma Planning Corp
Ann Arbor,
Michigan
| $771K | +$2.27K | +125 | +0.3% |
|
|
MBTD
4
Mechanics Bank - Trust Department
Walnut Creek,
California
| $563K | +$544K | +30,000 | New |
|
|
5
Jane Street
New York
| $281K | +$271K | +14,963 | New |
|
|
RJA
6
Raymond James & Associates
St Petersburg,
Florida
| $206K | – | – | – |
|
7
DZ Bank
Frankfurt Am Main,
Germany
| $188K | – | – | – |
|
|
IA
8
IFP Advisors
Tampa,
Florida
| $24K | +$616 | +34 | +3% |
|
|
9
Morgan Stanley
New York
| $16K | -$162K | -8,909 | -91% |
|
|
CFN
10
Cordasco Financial Network
Naples,
Florida
| $15K | – | – | – |
|
|
AG
11
Advisor Group
Phoenix,
Arizona
| $4K | -$1.23K | -68 | -25% |
|
|
KA
12
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$576K | -30,903 | Closed |
|
|
13
Citadel Advisors
Miami,
Florida
| – | -$404K | -21,659 | Closed |
|
|
14
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$19K | -1,000 | Closed |
|
|
15
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$6K | -305 | Closed |
|
MORL Hedge Fund Activity: Q3 2017 in Review
12 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) for Q3 2017, worth a combined $8.99M — up 22% from $7.38M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of MORL and 2 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Creative Planning, adding an estimated $1.86M. The largest seller was Kovack Advisors, exiting entirely with an estimated $576K sold.
- 12 institutional investors held ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) as of Q3 2017, down from 15 in Q2 2017.
- Funds reported $8.99M of ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN stock for Q3 2017, up 22% quarter-over-quarter.
- 2 funds opened new ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN positions in Q3 2017 and 4 closed out, a net change of -2 holders.
- The largest ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN buyer in Q3 2017 was Creative Planning, an estimated $1.86M added.
- The largest ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN seller in Q3 2017 was Kovack Advisors, an estimated $576K sold.
Based on aggregated 13F filings for Q3 2017.