FIRST TR HIGH YIELD OPPRT 20 FTHY
COM · Closed-End Fund · CUSIP 33741Q107
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $13.70.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 62 |
| Q4 2022 | 81 |
| Q1 2023 | 74 |
| Q2 2023 | 75 |
| Q3 2023 | 80 |
| Q4 2023 | 84 |
| Q1 2024 | 80 |
| Q2 2024 | 81 |
| Q3 2024 | 81 |
| Q4 2024 | 89 |
| Q1 2025 | 90 |
| Q2 2025 | 86 |
| Q3 2025 | 88 |
| Q4 2025 | 95 |
| Q1 2026 | 89 |
| Q2 2026 | 87 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 38 | 39 |
| Q4 2024 | 44 | 33 |
| Q1 2025 | 48 | 35 |
| Q2 2025 | 33 | 42 |
| Q3 2025 | 38 | 34 |
| Q4 2025 | 44 | 51 |
| Q1 2026 | 35 | 50 |
| Q2 2026 | 37 | 38 |
Biggest buyers
| Atlas Wealth LLC | New | +602.5k |
| SIT INVESTMENT ASSOCIATES INC | Added | +470.3k |
| JANE STREET GROUP, LLC | New | +128.6k |
| MORGAN STANLEY | Added | +116.1k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | Added | +80.1k |
| Integrated Wealth Concepts LLC | Added | +68.5k |
| BlueChip Wealth Advisors LLC | New | +48.4k |
| LPL Financial LLC | Added | +37.5k |
| Almitas Capital LLC | Added | +32.5k |
| Advisory Services Network, LLC | Added | +29.6k |
Biggest sellers
| NewEdge Advisors, LLC | Sold out | -291.9k |
| Narwhal Capital Management | Sold out | -196.9k |
| WINEBRENNER CAPITAL MANAGEMENT LLC | Reduced | -76.7k |
| 1607 Capital Partners, LLC | Reduced | -65.7k |
| Cambridge Investment Research Advisors, Inc. | Reduced | -42.9k |
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -22.3k |
| Fortitude Advisory Group L.L.C. | Sold out | -21.3k |
| Orion Porfolio Solutions, LLC | Sold out | -17.5k |
| ROYAL BANK OF CANADA | Reduced | -16.5k |
| KESTRA PRIVATE WEALTH SERVICES, LLC | Reduced | -16.1k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| MORGAN STANLEY 13G · institution +1.3 pts · filed 2026-05-12 | 8.9% |
| SIT INVESTMENT ASSOCIATES INC 13G · institution new · filed 2026-01-06 | 6.6% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $183.0k | 0 | — | — |
| Q1 2025 | 1 | $433.8k | 0 | — | — |
| Q2 2025 | 1 | $5.5k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 1 | $129.2k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | HOUSEY WILLIAM A JR Officer of Advisor, Port. Mgr. | Bought | $32.2k2.5k shares |
| 2026-09-25 | MCGAREL DAVID Officer-Investment Adviser | Bought | $129.2k10.0k shares |
| 2026-09-24 | HOUSEY WILLIAM A JR Officer of Advisor, Port. Mgr. | Bought | $64.5k5.0k shares |
| 2026-09-23 | HOUSEY WILLIAM A JR Officer of Advisor, Port. Mgr. | Bought | $67.9k5.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 3.4m $46.8m | Added +116.1k |
| SIT INVESTMENT ASSOCIATES INC 0.84% of their portfolio | 3.3m $44.6m | Added +470.3k |
| KENNEDY INVESTMENT GROUP, INC. 5.46% of their portfolio | 1.2m $16.1m | Added +1.3k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.67% of their portfolio | 1.0m $14.0m | Added +2.4k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.66% of their portfolio | 966.8k $13.2m | Added +80.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 691.2k $9.5m | Reduced -16.5k |
| Atlas Wealth LLC 1.18% of their portfolio | 602.5k $8.3m | New |
| Penserra Capital Management LLC 0.06% of their portfolio | 598.3k $8.2m | Added +22.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 589.0k $8.1m | Reduced -22.3k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.41% of their portfolio | 499.0k $6.8m | Added +18.2k |
| LPL Financial LLC 0.00% of their portfolio | 365.8k $5.0m | Added +37.5k |
| D.A. DAVIDSON & CO. 0.03% of their portfolio | 346.1k $4.7m | Added +20.4k |
| Logan Stone Capital, LLC 0.74% of their portfolio | 257.1k $3.5m | Added +8.3k |
| Almitas Capital LLC 0.65% of their portfolio | 198.8k $2.7m | Added +32.5k |
| Aurora Private Wealth, Inc. 1.64% of their portfolio | 188.6k $2.6m | Reduced -7.7k |
| Oder Investment Management, LLC 1.37% of their portfolio | 149.0k $2.0m | Reduced -954 |
| Integrated Wealth Concepts LLC 0.01% of their portfolio | 146.8k $2.0m | Added +68.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 142.8k $2.0m | Added +7.0k |
| Private Advisory Group LLC 0.11% of their portfolio | 138.1k $1.9m | Reduced -2.4k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 133.0k $1.8m | Reduced -42.9k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 131.2k $1.8m | Reduced -8.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 128.6k $1.8m | New |
| WINEBRENNER CAPITAL MANAGEMENT LLC 1.02% of their portfolio | 121.7k $1.7m | Reduced -76.7k |
| WEDBUSH SECURITIES INC 0.04% of their portfolio | 121.5k $1.7m | Added +7.0k |
| 1607 Capital Partners, LLC 0.13% of their portfolio | 110.5k $1.5m | Reduced -65.7k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.03% of their portfolio | 110.4k $1.5m | Reduced -2.1k |
| TRANSCEND CAPITAL ADVISORS, LLC 0.09% of their portfolio | 97.7k $1.3m | Added +2.5k |
| TFB Advisors LLC 0.57% of their portfolio | 94.5k $1.3m | Unchanged |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 87.6k $1.2m | Added +13.7k |
| UBS Group AG 0.00% of their portfolio | 71.7k $982.2k | Reduced -2.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 70.7k $968.6k | Reduced -3.5k |
| Noble Wealth Management PBC 0.43% of their portfolio | 69.3k $949.3k | Reduced -4.7k |
| CSS LLC/IL 0.04% of their portfolio | 67.9k $930.3k | Added +14.3k |
| COHEN & STEERS, INC. 0.00% of their portfolio | 65.0k $891.0k | Unchanged |
| Magnus Financial Group LLC 0.06% of their portfolio | 64.5k $883.5k | Reduced -4.9k |
| Advisory Services Network, LLC 0.01% of their portfolio | 55.7k $762.4k | Added +29.6k |
| BlueChip Wealth Advisors LLC 0.25% of their portfolio | 48.4k $662.4k | New |
| Insight Advisors, LLC/ PA 0.12% of their portfolio | 48.1k $659.4k | Reduced -131 |
| Invesco Ltd. 0.00% of their portfolio | 41.1k $563.6k | Reduced -480 |
| Arete Wealth Advisors, LLC 0.03% of their portfolio | 38.6k $528.6k | Reduced -6.3k |
| TrueMark Investments, LLC 0.06% of their portfolio | 36.3k $497.8k | Added +2.4k |
| Cetera Investment Advisers 0.00% of their portfolio | 34.4k $470.9k | Added +298 |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio | 32.8k $449.1k | Reduced -16.1k |
| Signature Equity Partners, LLC 0.20% of their portfolio | 31.9k $437.3k | Added +862 |
| CoreCap Advisors, LLC 0.01% of their portfolio | 31.5k $431.3k | Reduced -850 |
| WORLD EQUITY GROUP, INC. 0.10% of their portfolio | 31.0k $424.3k | Reduced -1.4k |
| First Financial Group Corp 0.27% of their portfolio | 27.1k $371.6k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 25.0k $341.9k | Reduced -327 |
| FOCUSED ALPHA, LLC 0.09% of their portfolio | 24.9k $341.7k | Added +396 |
| Camelot Portfolios, LLC 0.23% of their portfolio | 23.6k $323.5k | New |
| Balboa Wealth Partners 0.04% of their portfolio | 23.6k $322.8k | Unchanged |
| Focus Partners Wealth 0.00% of their portfolio | 22.7k $311.0k | Reduced -3.9k |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 21.8k $298.1k | Reduced -26 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 19.1k $262.0k | Added +400 |
| Huntleigh Advisors, Inc. 0.04% of their portfolio | 18.9k $259.6k | Reduced -11.9k |
| HRT FINANCIAL LP 0.00% of their portfolio | 18.6k $254.0k | Added +5.6k |
| Apollon Wealth Management, LLC 0.00% of their portfolio | 17.5k $240.1k | Reduced -350 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 16.6k $226.4k | Added +192 |
| PVG ASSET MANAGEMENT CORP 0.13% of their portfolio | 15.9k $217.7k | Unchanged |
| Arkadios Wealth Advisors 0.00% of their portfolio | 15.8k $216.3k | New |
| CreativeOne Wealth, LLC 0.00% of their portfolio | 14.7k $200.7k | Reduced -4.3k |
| Advisory Solutions Group, LLC 0.07% of their portfolio | 14.0k $191.4k | First filing |
| Arax Advisory Partners 0.00% of their portfolio | 13.5k $184.6k | Added +12.9k |
| Lido Advisors, LLC 0.00% of their portfolio | 12.4k $170.3k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 11.8k $161.1k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 11.5k $157.6k | New |
| Stablepoint Partners, LLC 0.02% of their portfolio | 11.2k $154.0k | Unchanged |
| DAYMARK WEALTH PARTNERS, LLC 0.00% of their portfolio | 10.9k $149.1k | Reduced -4.0k |
| FULTON BREAKEFIELD BROENNIMAN LLC 0.01% of their portfolio | 10.6k $144.8k | Unchanged |
| N.E.W. Advisory Services LLC 0.01% of their portfolio | 8.6k $117.8k | Added +231 |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 6.7k $91.3k | Reduced -7 |
| COMPASS FINANCIAL MANAGEMENT LLC 0.00% of their portfolio | 1.8k $24.3k | First filing |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 1.5k $20.6k | Unchanged |
| Colonial Trust Advisors 0.00% of their portfolio | 1.5k $20.6k | Unchanged |
| Evelyn Partners Group Ltd 0.00% of their portfolio | 1.2k $17.1k | First filing |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 1.1k $14.7k | Unchanged |
| Pinnacle Wealth Planning Services, Inc. 0.00% of their portfolio | 1.1k $14.5k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 1.0k $13.7k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 739 $10.1k | Added +21 |
| ASSETMARK, INC 0.00% of their portfolio | 714 $9.8k | Unchanged |
| CX Institutional 0.00% of their portfolio | 640 $9.0k | Reduced -1.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 500 $6.8k | Added +487 |
| Glass Jacobson Investment Advisors llc 0.00% of their portfolio | 425 $5.8k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 70 $959 | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 54 $745 | Added +1 |
| WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio | 52 $708 | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 12 $164 | Unchanged |