First Trust STOXX European Select Dividend Income Fund
FDD
47 hedge funds and large institutions have $72.7M invested in First Trust STOXX European Select Dividend Income Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
17% more capital invested
Capital invested by funds: $61.9M → $72.7M (+$10.8M)
12% more funds holding
Funds holding: 42 → 47 (+5)
3.18% more ownership
Funds ownership: 38.79% → 41.97% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$6.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.81M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.55M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.55M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$993K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.86M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.14M |
| 3 |
Morgan Stanley
New York
|
-$1.04M |
| 4 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$618K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$507K |
FDD Hedge Fund Activity: Q3 2016 in Review
47 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust STOXX European Select Dividend Income Fund (FDD) for Q3 2016, worth a combined $72.7M — up 17% from $61.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FDD positions and 3 closed out — a net gain of 5 holders — while 20 added to existing stakes and 11 trimmed.
The largest buyer was Brinker Capital Investments, opening a new position worth an estimated $6.5M. The largest seller was Royal Bank of Canada, cutting an estimated $3.86M.
- 47 institutional investors held First Trust STOXX European Select Dividend Income Fund (FDD) as of Q3 2016, up from 42 in Q2 2016.
- Funds reported $72.7M of First Trust STOXX European Select Dividend Income Fund stock for Q3 2016, up 17% quarter-over-quarter.
- 8 funds opened new First Trust STOXX European Select Dividend Income Fund positions in Q3 2016 and 3 closed out, a net change of +5 holders.
- The largest First Trust STOXX European Select Dividend Income Fund buyer in Q3 2016 was Brinker Capital Investments, an estimated $6.5M added.
- The largest First Trust STOXX European Select Dividend Income Fund seller in Q3 2016 was Royal Bank of Canada, an estimated $3.86M sold.
Based on aggregated 13F filings for Q3 2016.