First Trust NASDAQ ABA Community Bank Index Fund
QABA
40 hedge funds and large institutions have $47M invested in First Trust NASDAQ ABA Community Bank Index Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 8 closing their positions.
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
5% more funds holding
Funds holding: 38 → 40 (+2)
0.44% more ownership
Funds ownership: 55.63% → 56.07% (+0.44%)
6% less capital invested
Capital invested by funds: $49.9M → $47M (-$2.93M)
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.57M |
| 2 |
LIA
Luken Investment Analytics
Brentwood,
Tennessee
|
+$3.76M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.01M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$1.54M |
| 5 |
NP
Nilsine Partners
Greenwood Village,
Colorado
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.81M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.07M |
| 3 |
Morgan Stanley
New York
|
-$2.82M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.38M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$764K |
QABA Hedge Fund Activity: Q1 2024 in Review
40 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ ABA Community Bank Index Fund (QABA) for Q1 2024, worth a combined $47M — down 5.9% from $49.9M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new QABA positions and 8 closed out — a net gain of 2 holders — while 8 added to existing stakes and 13 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.57M. The largest seller was Royal Bank of Canada, cutting an estimated $4.81M.
- 40 institutional investors held First Trust NASDAQ ABA Community Bank Index Fund (QABA) as of Q1 2024, up from 38 in Q4 2023.
- Funds reported $47M of First Trust NASDAQ ABA Community Bank Index Fund stock for Q1 2024, down 5.9% quarter-over-quarter.
- 10 funds opened new First Trust NASDAQ ABA Community Bank Index Fund positions in Q1 2024 and 8 closed out, a net change of +2 holders.
- The largest First Trust NASDAQ ABA Community Bank Index Fund buyer in Q1 2024 was Wells Fargo, an estimated $4.57M added.
- The largest First Trust NASDAQ ABA Community Bank Index Fund seller in Q1 2024 was Royal Bank of Canada, an estimated $4.81M sold.
Based on aggregated 13F filings for Q1 2024.