First Trust NASDAQ-100 Technology Index Fund
QTEC
99 hedge funds and large institutions have $1.4B invested in First Trust NASDAQ-100 Technology Index Fund in 2017 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 43 increasing their positions, 26 reducing their positions, and 5 closing their positions.
340% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 5
65% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 26
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
19% more funds holding
Funds holding: 83 → 99 (+16)
14% more capital invested
Capital invested by funds: $1.23B → $1.4B (+$171M)
0.13% less ownership
Funds ownership: 78.95% → 78.83% (-0.13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$42.7M |
| 2 |
NCM
Niemann Capital Management
Stateline,
Nevada
|
+$19.7M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$11.5M |
| 4 |
LPL Financial
San Diego,
California
|
+$8.79M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$8.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$84.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$5.83M |
| 3 |
Goldman Sachs
New York
|
-$5.71M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$4.23M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$3.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
101
Next Financial Group
Houston,
Texas
| – | -$47K | -900 | Closed |
|
102
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$31K | -594 | Closed |
|
QTEC Hedge Fund Activity: Q1 2017 in Review
99 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Trust NASDAQ-100 Technology Index Fund (QTEC) for Q1 2017, worth a combined $1.4B — up 14% from $1.23B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new QTEC positions and 5 closed out — a net gain of 17 holders — while 43 added to existing stakes and 26 trimmed.
The largest buyer was MML Investors Services, opening a new position worth an estimated $42.7M. The largest seller was First Trust Advisors, cutting an estimated $84.5M.
- 99 institutional investors held First Trust NASDAQ-100 Technology Index Fund (QTEC) as of Q1 2017, up from 83 in Q4 2016.
- Funds reported $1.4B of First Trust NASDAQ-100 Technology Index Fund stock for Q1 2017, up 14% quarter-over-quarter.
- 22 funds opened new First Trust NASDAQ-100 Technology Index Fund positions in Q1 2017 and 5 closed out, a net change of +17 holders.
- The largest First Trust NASDAQ-100 Technology Index Fund buyer in Q1 2017 was MML Investors Services, an estimated $42.7M added.
- The largest First Trust NASDAQ-100 Technology Index Fund seller in Q1 2017 was First Trust Advisors, an estimated $84.5M sold.
Based on aggregated 13F filings for Q1 2017.