First Trust STOXX European Select Dividend Income Fund
FDD
32 hedge funds and large institutions have $69.9M invested in First Trust STOXX European Select Dividend Income Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 5 closing their positions.
3% more capital invested
Capital invested by funds: $67.7M → $69.9M (+$2.22M)
0.92% more ownership
Funds ownership: 39.86% → 40.78% (+0.92%)
3% less funds holding
Funds holding: 33 → 32 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$10M |
| 2 |
Morgan Stanley
New York
|
+$8.32M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.32M |
| 4 |
SG Americas Securities
New York
|
+$865K |
| 5 |
PI
Placemark Investments
Chicago,
Illinois
|
+$357K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IPC
Independent Portfolio Consultants
Boca Raton,
Florida
|
-$4.24M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.87M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$685K |
| 4 |
LPL Financial
San Diego,
California
|
-$465K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$364K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $31K | -$364K | -25,400 | -92% |
|
|
BC
27
Bartlett & Co
Cincinnati,
Ohio
| $31K | – | – | – |
|
28
Bank of Montreal
Toronto,
Ontario, Canada
| $30K | – | – | – |
|
|
WEC
29
Winslow Evans & Crocker
Boston,
Massachusetts
| $20.3K | -$3.59K | -250 | -14% |
|
|
NES
30
New England Securities
New York
| $18K | – | – | – |
|
|
RFA
31
Reilly Financial Advisors
La Mesa,
California
| $5K | – | – | – |
|
32
Citigroup
New York
| $4K | – | – | – |
|
|
IPC
33
Independent Portfolio Consultants
Boca Raton,
Florida
| – | -$4.24M | -280,675 | Closed |
|
|
FAAS
34
First Allied Advisory Services
San Diego,
California
| – | -$221K | -14,735 | Closed |
|
|
CAN
35
Cetera Advisor Networks
El Segundo,
California
| – | -$190K | -12,535 | Closed |
|
36
JP Morgan Chase
New York
| – | -$173K | -11,411 | Closed |
|
|
GSC
37
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$59K | -3,929 | Closed |
|
FDD Hedge Fund Activity: Q3 2014 in Review
32 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in First Trust STOXX European Select Dividend Income Fund (FDD) for Q3 2014, worth a combined $69.9M — up 3.3% from $67.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FDD and 4 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 7 added.
The largest buyer was Wells Fargo, adding an estimated $10M. The largest seller was Independent Portfolio Consultants, exiting entirely with an estimated $4.24M sold.
- 32 institutional investors held First Trust STOXX European Select Dividend Income Fund (FDD) as of Q3 2014, down from 33 in Q2 2014.
- Funds reported $69.9M of First Trust STOXX European Select Dividend Income Fund stock for Q3 2014, up 3.3% quarter-over-quarter.
- 4 funds opened new First Trust STOXX European Select Dividend Income Fund positions in Q3 2014 and 5 closed out, a net change of -1 holder.
- The largest First Trust STOXX European Select Dividend Income Fund buyer in Q3 2014 was Wells Fargo, an estimated $10M added.
- The largest First Trust STOXX European Select Dividend Income Fund seller in Q3 2014 was Independent Portfolio Consultants, an estimated $4.24M sold.
Based on aggregated 13F filings for Q3 2014.