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 ≈ $14.49.
Trends to Q3 2025
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 42 | 42 |
| Q1 2024 | 42 | 45 |
| Q2 2024 | 39 | 41 |
| Q3 2024 | 38 | 39 |
| Q4 2024 | 44 | 33 |
| Q1 2025 | 48 | 35 |
| Q2 2025 | 33 | 42 |
| Q3 2025 | 38 | 34 |
Biggest buyers
| MORGAN STANLEY | Added | +163.2k |
| Penserra Capital Management LLC | Added | +78.1k |
| NewEdge Advisors, LLC | Added | +71.9k |
| SIT INVESTMENT ASSOCIATES INC | Added | +56.6k |
| WELLS FARGO & COMPANY/MN | Added | +34.7k |
| LPL Financial LLC | Added | +34.0k |
| TrueMark Investments, LLC | New | +31.4k |
| Sheets Smith Investment Management | New | +27.5k |
| Magnus Financial Group LLC | Added | +21.7k |
| Shaker Financial Services, LLC | Added | +18.3k |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -761.3k |
| Huntleigh Advisors, Inc. | Reduced | -323.7k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | Reduced | -74.0k |
| NorthCoast Asset Management LLC | Sold out | -72.0k |
| OSAIC HOLDINGS, INC. | Reduced | -43.6k |
| Camelot Portfolios, LLC | Sold out | -38.0k |
| D.A. DAVIDSON & CO. | Reduced | -31.4k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Reduced | -29.8k |
| Kestra Advisory Services, LLC | Reduced | -17.6k |
| BlueChip Wealth Advisors LLC | Reduced | -14.4k |
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 in Q3 2025
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 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 1 | $725.0k | 0 | — | — |
| Q2 2024 | 3 | $755.6k | 0 | — | — |
| Q3 2024 | 1 | $317.2k | 0 | — | — |
| Q4 2024 | 1 | $183.0k | 0 | — | — |
| Q1 2025 | 1 | $433.8k | 0 | — | — |
| Q2 2025 | 1 | $5.5k | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-20 | Ziets Kevin L PORTFOLIO MANAGER | Bought | $43.8k3.0k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 3.3m $48.1m | Added +163.2k |
| SIT INVESTMENT ASSOCIATES INC 0.43% of their portfolio | 1.5m $21.1m | Added +56.6k |
| KENNEDY INVESTMENT GROUP, INC. 6.73% of their portfolio | 1.2m $16.9m | Added +12.5k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.89% of their portfolio | 1.1m $15.6m | Reduced -29.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 696.1k $10.1m | Reduced -761.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 637.7k $9.2m | Reduced -13.7k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.47% of their portfolio | 556.7k $8.1m | Reduced -2.0k |
| Penserra Capital Management LLC 0.08% of their portfolio | 441.0k $6.4m | Added +78.1k |
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.45% of their portfolio | 419.6k $6.1m | Reduced -74.0k |
| D.A. DAVIDSON & CO. 0.04% of their portfolio | 382.1k $5.5m | Reduced -31.4k |
| WINEBRENNER CAPITAL MANAGEMENT LLC 3.52% of their portfolio | 338.2k $4.9m | Reduced -2.9k |
| NewEdge Advisors, LLC 0.02% of their portfolio | 332.8k $4.8m | Added +71.9k |
| Arete Wealth Advisors, LLC 0.30% of their portfolio | 331.2k $4.8m | Reduced -8.9k |
| LPL Financial LLC 0.00% of their portfolio | 298.0k $4.3m | Added +34.0k |
| Huntleigh Advisors, Inc. 0.70% of their portfolio | 282.2k $4.1m | Reduced -323.7k |
| Narwhal Capital Management 0.24% of their portfolio | 222.6k $3.2m | Added +13.5k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 175.9k $2.5m | Added +11.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 173.3k $2.5m | Reduced -43.6k |
| Oder Investment Management, LLC 1.68% of their portfolio | 161.2k $2.3m | Added +4.4k |
| 1607 Capital Partners, LLC 0.17% of their portfolio | 152.7k $2.2m | Unchanged |
| Private Advisory Group LLC 0.18% of their portfolio | 145.0k $2.1m | Reduced -6 |
| WEDBUSH SECURITIES INC 0.06% of their portfolio | 125.5k $1.8m | Reduced -1.5k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 122.5k $1.8m | Reduced -17.6k |
| INDEPENDENT FINANCIAL GROUP, LLC 0.04% of their portfolio | 119.4k $1.7m | Reduced -13.7k |
| TFB Advisors LLC 0.46% of their portfolio | 112.7k $1.6m | Added +2.0k |
| Shaker Financial Services, LLC 0.55% of their portfolio | 111.3k $1.6m | Added +18.3k |
| Integrated Wealth Concepts LLC 0.01% of their portfolio | 105.4k $1.5m | Reduced -4.5k |
| Concurrent Investment Advisors, LLC 0.03% of their portfolio | 100.6k $1.5m | Reduced -7.3k |
| TRANSCEND CAPITAL ADVISORS, LLC 0.09% of their portfolio | 85.3k $1.2m | Unchanged |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 79.8k $1.2m | Added +227 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 76.2k $1.1m | Reduced -6.1k |
| UBS Group AG 0.00% of their portfolio | 75.7k $1.1m | Added +1.4k |
| Magnus Financial Group LLC 0.08% of their portfolio | 73.5k $1.1m | Added +21.7k |
| Bullseye Investment Management, LLC 0.63% of their portfolio | 72.0k $1.0m | Unchanged |
| Insight Advisors, LLC/ PA 0.14% of their portfolio | 63.0k $912.3k | Added +132 |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 49.2k $713.1k | Reduced -4.6k |
| Invesco Ltd. 0.00% of their portfolio | 48.9k $709.0k | Reduced -1.2k |
| WORLD EQUITY GROUP, INC. 0.15% of their portfolio | 44.1k $638.8k | Reduced -3.9k |
| CoreCap Advisors, LLC 0.02% of their portfolio | 42.0k $609.2k | Reduced -659 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 40.2k $582.3k | Added +34.7k |
| Cetera Investment Advisers 0.00% of their portfolio | 36.3k $526.2k | Added +15.9k |
| BlueChip Wealth Advisors LLC 0.22% of their portfolio | 34.8k $504.3k | Reduced -14.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 33.9k $491.6k | Reduced -10.1k |
| TrueMark Investments, LLC 0.08% of their portfolio | 31.4k $455.2k | New |
| First Financial Group Corp 0.36% of their portfolio | 28.8k $416.7k | Unchanged |
| Advisory Services Network, LLC 0.01% of their portfolio | 27.8k $403.2k | Added +48 |
| PVG ASSET MANAGEMENT CORP 1.47% of their portfolio | 27.5k $398.7k | Unchanged |
| Sheets Smith Investment Management 0.26% of their portfolio | 27.5k $398.7k | New |
| Apollon Wealth Management, LLC 0.01% of their portfolio | 24.6k $356.3k | Added +340 |
| Balboa Wealth Partners 0.06% of their portfolio | 24.2k $350.8k | Unchanged |
| Stratos Wealth Partners, LTD. 0.00% of their portfolio | 22.7k $328.9k | Added +2.9k |
| Fortitude Advisory Group L.L.C. 0.17% of their portfolio | 21.3k $309.2k | Unchanged |
| Consolidated Portfolio Review Corp 0.04% of their portfolio | 19.5k $281.9k | Unchanged |
| Noble Wealth Management PBC 0.14% of their portfolio | 18.8k $272.3k | First filing |
| Financial Gravity Asset Management, Inc. 0.05% of their portfolio | 18.4k $266.1k | First filing |
| CreativeOne Wealth, LLC 0.01% of their portfolio | 18.3k $265.2k | Reduced -3.8k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 16.8k $248.5k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 16.6k $240.3k | New |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 16.0k $231.0k | Reduced -380 |
| READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio | 15.2k $219.8k | New |
| Perigon Wealth Management, LLC 0.00% of their portfolio | 15.0k $217.0k | Reduced -992 |
| CWM, LLC 0.00% of their portfolio | 14.9k $216.0k | Reduced -6 |
| COMERICA BANK 0.00% of their portfolio | 13.8k $200.2k | Reduced -6 |
| NovaPoint Capital, LLC 0.05% of their portfolio | 13.8k $199.6k | Unchanged |
| Lido Advisors, LLC 0.00% of their portfolio | 12.4k $180.1k | New |
| Stablepoint Partners, LLC 0.03% of their portfolio | 11.8k $170.3k | Unchanged |
| DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio | 10.9k $157.7k | Added +86 |
| FULTON BREAKEFIELD BROENNIMAN LLC 0.01% of their portfolio | 10.6k $153.2k | Unchanged |
| Future Financial Wealth Managment LLC 0.09% of their portfolio | 9.4k $136.2k | Unchanged |
| Ameritas Advisory Services, LLC 0.01% of their portfolio | 7.4k $107.6k | Added +32 |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 3.6k $51.5k | Added +36 |
| Colonial Trust Advisors 0.00% of their portfolio | 3.0k $43.5k | Added +2.2k |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 2.8k $39.8k | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 2.0k $29.0k | New |
| CX Institutional 0.00% of their portfolio | 2.0k $28.0k | New |
| Allworth Financial LP 0.00% of their portfolio | 1.8k $26.0k | Added +20 |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 1.5k $21.7k | Unchanged |
| Rise Advisors, LLC 0.01% of their portfolio | 1.4k $20.2k | Added +35 |
| Financial Perspectives, Inc 0.01% of their portfolio | 1.4k $19.7k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 1.1k $15.5k | Reduced -5.0k |
| ASSETMARK, INC 0.00% of their portfolio | 906 $13.1k | Added +888 |
| Arax Advisory Partners 0.00% of their portfolio | 553 $8.0k | Unchanged |
| Glass Jacobson Investment Advisors llc 0.00% of their portfolio | 417 $6.0k | Added +12 |
| Asset Dedication, LLC 0.00% of their portfolio | 107 $1.6k | Unchanged |
| WPG Advisers, LLC 0.00% of their portfolio | 97 $1.4k | Added +6 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 70 $1.0k | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 50 $727 | Added +1 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1 $14 | New |