First Trust NASDAQ ABA Community Bank Index Fund
QABA
76 hedge funds and large institutions have $215M invested in First Trust NASDAQ ABA Community Bank Index Fund in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 38 increasing their positions, 9 reducing their positions, and 12 closing their positions.
322% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 9
92% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 12
15% more funds holding
Funds holding: 66 → 76 (+10)
14.97% less ownership
Funds ownership: 71% → 56.03% (-15%)
24% less capital invested
Capital invested by funds: $285M → $215M (-$69.4M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$10M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$9.99M |
| 3 |
Morgan Stanley
New York
|
+$5.2M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.05M |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$2.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$37.8M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$35.6M |
| 3 |
NCM
Niemann Capital Management
Stateline,
Nevada
|
-$18.8M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$14.5M |
| 5 |
VF
Virtu Financial
New York
|
-$1.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UCFA
76
United Capital Financial Advisors
Irving,
Texas
| – | -$35.6M | -674,165 | Closed |
|
|
NCM
77
Niemann Capital Management
Stateline,
Nevada
| – | -$18.8M | -356,070 | Closed |
|
|
CS
78
Credit Suisse
Zurich,
Switzerland
| – | -$14.5M | -274,195 | Closed |
|
|
VF
79
Virtu Financial
New York
| – | -$1.62M | -30,545 | Closed |
|
80
Millennium Management
New York
| – | -$422K | -8,000 | Closed |
|
81
M&T Bank
Buffalo,
New York
| – | -$258K | -4,895 | Closed |
|
|
SFM
82
Signet Financial Management
Parsippany,
New Jersey
| – | -$148K | -2,806 | Closed |
|
83
JP Morgan Chase
New York
| – | -$52K | -983 | Closed |
|
|
SSB
84
Sandy Spring Bank
Olney,
Maryland
| – | -$26K | -500 | Closed |
|
|
TFA
85
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$9K | -169 | Closed |
|
|
HIIFS
86
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
| – | -$4K | -80 | Closed |
|
QABA Hedge Fund Activity: Q1 2017 in Review
76 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ ABA Community Bank Index Fund (QABA) for Q1 2017, worth a combined $215M — down 24% from $285M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new QABA positions and 12 closed out — a net gain of 11 holders — while 38 added to existing stakes and 9 trimmed.
The largest buyer was Bank of America, adding an estimated $10M. The largest seller was Envestnet Asset Management, cutting an estimated $37.8M.
- 76 institutional investors held First Trust NASDAQ ABA Community Bank Index Fund (QABA) as of Q1 2017, up from 66 in Q4 2016.
- Funds reported $215M of First Trust NASDAQ ABA Community Bank Index Fund stock for Q1 2017, down 24% quarter-over-quarter.
- 23 funds opened new First Trust NASDAQ ABA Community Bank Index Fund positions in Q1 2017 and 12 closed out, a net change of +11 holders.
- The largest First Trust NASDAQ ABA Community Bank Index Fund buyer in Q1 2017 was Bank of America, an estimated $10M added.
- The largest First Trust NASDAQ ABA Community Bank Index Fund seller in Q1 2017 was Envestnet Asset Management, an estimated $37.8M sold.
Based on aggregated 13F filings for Q1 2017.