First Trust Nasdaq-100 Select Equal Weight ETF
QQEW
126 hedge funds and large institutions have $530M invested in First Trust Nasdaq-100 Select Equal Weight ETF in 2020 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 51 reducing their positions, and 12 closing their positions.
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
8% more capital invested
Capital invested by funds: $489M → $530M (+$41.4M)
3% more funds holding
Funds holding: 122 → 126 (+4)
0.13% less ownership
Funds ownership: 57.68% → 57.55% (-0.13%)
24% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 51
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $734K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
Affinity Wealth Management
Wilmington,
Delaware
|
+$19.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.99M |
| 3 |
MF
Manchester Financial
Westlake Village,
California
|
+$6.72M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$4.97M |
| 5 |
NFG
Norris Financial Group
Greenville,
South Carolina
|
+$3.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$15.7M |
| 2 |
LPL Financial
San Diego,
California
|
-$10.1M |
| 3 |
Morgan Stanley
New York
|
-$7.43M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$5.08M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$4.34M |
QQEW Hedge Fund Activity: Q3 2020 in Review
126 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) for Q3 2020, worth a combined $530M — up 8.5% from $489M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new QQEW positions and 12 closed out — a net gain of 5 holders — while 39 added to existing stakes and 51 trimmed.
The largest buyer was Affinity Wealth Management, opening a new position worth an estimated $19.8M. The largest seller was Goldman Sachs, exiting entirely with an estimated $15.7M sold.
- 126 institutional investors held First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) as of Q3 2020, up from 122 in Q2 2020.
- Funds reported $530M of First Trust Nasdaq-100 Select Equal Weight ETF stock for Q3 2020, up 8.5% quarter-over-quarter.
- 17 funds opened new First Trust Nasdaq-100 Select Equal Weight ETF positions in Q3 2020 and 12 closed out, a net change of +5 holders.
- The largest First Trust Nasdaq-100 Select Equal Weight ETF buyer in Q3 2020 was Affinity Wealth Management, an estimated $19.8M added.
- The largest First Trust Nasdaq-100 Select Equal Weight ETF seller in Q3 2020 was Goldman Sachs, an estimated $15.7M sold.
Based on aggregated 13F filings for Q3 2020.