First Trust NASDAQ ABA Community Bank Index Fund
QABA
34 hedge funds and large institutions have $17.7M invested in First Trust NASDAQ ABA Community Bank Index Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 20 reducing their positions, and 14 closing their positions.
6.85% less ownership
Funds ownership: 33.16% → 26.31% (-6.8%)
23% less funds holding
Funds holding: 44 → 34 (-10)
33% less capital invested
Capital invested by funds: $26.5M → $17.7M (-$8.89M)
71% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 14
85% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GWM
Greenwich Wealth Management
Greenwich,
Connecticut
|
+$478K |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$258K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$188K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$76.5K |
| 5 |
JCM
Jacobi Capital Management
Pittston,
Pennsylvania
|
+$2.36K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.92M |
| 2 |
Jane Street
New York
|
-$1.1M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$935K |
| 4 |
Morgan Stanley
New York
|
-$904K |
| 5 |
LPL Financial
San Diego,
California
|
-$648K |
QABA Hedge Fund Activity: Q2 2020 in Review
34 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ ABA Community Bank Index Fund (QABA) for Q2 2020, worth a combined $17.7M — down 33% from $26.5M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of QABA and 4 opened new positions — a net loss of 10 holders — while 20 trimmed existing stakes and 3 added.
The largest buyer was Greenwich Wealth Management, opening a new position worth an estimated $478K. The largest seller was Susquehanna International Group, cutting an estimated $3.92M.
- 34 institutional investors held First Trust NASDAQ ABA Community Bank Index Fund (QABA) as of Q2 2020, down from 44 in Q1 2020.
- Funds reported $17.7M of First Trust NASDAQ ABA Community Bank Index Fund stock for Q2 2020, down 33% quarter-over-quarter.
- 4 funds opened new First Trust NASDAQ ABA Community Bank Index Fund positions in Q2 2020 and 14 closed out, a net change of -10 holders.
- The largest First Trust NASDAQ ABA Community Bank Index Fund buyer in Q2 2020 was Greenwich Wealth Management, an estimated $478K added.
- The largest First Trust NASDAQ ABA Community Bank Index Fund seller in Q2 2020 was Susquehanna International Group, an estimated $3.92M sold.
Based on aggregated 13F filings for Q2 2020.