First Trust NASDAQ ABA Community Bank Index Fund
QABA
48 hedge funds and large institutions have $52.4M invested in First Trust NASDAQ ABA Community Bank Index Fund in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 21 reducing their positions, and 23 closing their positions.
19.01% less ownership
Funds ownership: 68.74% → 49.73% (-19%)
24% less funds holding
Funds holding: 63 → 48 (-15)
56% less capital invested
Capital invested by funds: $119M → $52.4M (-$67M)
57% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 21
65% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.54M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.02M |
| 3 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
+$1.73M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$283K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$13.1M |
| 2 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$10.2M |
| 3 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$9.88M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$9.43M |
| 5 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$5.96M |
QABA Hedge Fund Activity: Q1 2023 in Review
48 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ ABA Community Bank Index Fund (QABA) for Q1 2023, worth a combined $52.4M — down 56% from $119M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of QABA and 8 opened new positions — a net loss of 15 holders — while 21 trimmed existing stakes and 9 added.
The largest buyer was Royal Bank of Canada, adding an estimated $4.54M. The largest seller was Morgan Stanley, cutting an estimated $13.1M.
- 48 institutional investors held First Trust NASDAQ ABA Community Bank Index Fund (QABA) as of Q1 2023, down from 63 in Q4 2022.
- Funds reported $52.4M of First Trust NASDAQ ABA Community Bank Index Fund stock for Q1 2023, down 56% quarter-over-quarter.
- 8 funds opened new First Trust NASDAQ ABA Community Bank Index Fund positions in Q1 2023 and 23 closed out, a net change of -15 holders.
- The largest First Trust NASDAQ ABA Community Bank Index Fund buyer in Q1 2023 was Royal Bank of Canada, an estimated $4.54M added.
- The largest First Trust NASDAQ ABA Community Bank Index Fund seller in Q1 2023 was Morgan Stanley, an estimated $13.1M sold.
Based on aggregated 13F filings for Q1 2023.