First Trust NASDAQ ABA Community Bank Index Fund
QABA
30 hedge funds and large institutions have $13.8M invested in First Trust NASDAQ ABA Community Bank Index Fund in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 5 closing their positions.
2.21% less ownership
Funds ownership: 26.31% → 24.1% (-2.2%)
12% less funds holding
Funds holding: 34 → 30 (-4)
22% less capital invested
Capital invested by funds: $17.7M → $13.8M (-$3.85M)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$434K |
| 2 |
SPIA
Steward Partners Investment Advisory
New York
|
+$252K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$165K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$57.1K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$45.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.02M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$758K |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$268K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$230K |
| 5 |
LPL Financial
San Diego,
California
|
-$196K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GRP
26
Global Retirement Partners
San Rafael,
California
| $13K | +$102 | +3 | +0.7% |
|
|
AWA
27
Arkadios Wealth Advisors
Atlanta,
Georgia
| $10.2K | -$123K | -3,596 | -92% |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $8K | +$8.53K | +250 | New |
|
|
FHA
29
Flagship Harbor Advisors
Boston,
Massachusetts
| $1K | – | – | – |
|
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$758K | -21,439 | Closed |
|
|
31
Truist Financial
Charlotte,
North Carolina
| – | -$268K | -7,563 | Closed |
|
|
PAG
32
Private Advisor Group
Morristown,
New Jersey
| – | -$79K | -2,239 | Closed |
|
|
VFA
33
Valeo Financial Advisors
Carmel,
Indiana
| – | -$4K | -108 | Closed |
|
|
OPS
34
Orion Portfolio Solutions
Omaha,
Nebraska
| – | -$3K | -91 | Closed |
|
QABA Hedge Fund Activity: Q3 2020 in Review
30 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ ABA Community Bank Index Fund (QABA) for Q3 2020, worth a combined $13.8M — down 22% from $17.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of QABA and 1 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 8 added.
The largest buyer was Tower Research Capital (TRC), adding an estimated $434K. The largest seller was Morgan Stanley, cutting an estimated $1.02M.
- 30 institutional investors held First Trust NASDAQ ABA Community Bank Index Fund (QABA) as of Q3 2020, down from 34 in Q2 2020.
- Funds reported $13.8M of First Trust NASDAQ ABA Community Bank Index Fund stock for Q3 2020, down 22% quarter-over-quarter.
- 1 fund opened new First Trust NASDAQ ABA Community Bank Index Fund positions in Q3 2020 and 5 closed out, a net change of -4 holders.
- The largest First Trust NASDAQ ABA Community Bank Index Fund buyer in Q3 2020 was Tower Research Capital (TRC), an estimated $434K added.
- The largest First Trust NASDAQ ABA Community Bank Index Fund seller in Q3 2020 was Morgan Stanley, an estimated $1.02M sold.
Based on aggregated 13F filings for Q3 2020.