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First Trust STOXX European Select Dividend Income Fund

40 hedge funds and large institutions have $62.5M invested in First Trust STOXX European Select Dividend Income Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 15

2.92% less ownership

Funds ownership: 42.48%39.56% (-2.9%)

8% less capital invested

Capital invested by funds: $67.7M → $62.5M (-$5.18M)

13% less funds holding

Funds holding: 4640 (-6)

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

Holders
40
Holders Change
-6
Holders Change %
-13.04%
% of All Funds
1.07%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
3
Increased
14
Reduced
15
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$17.8M -$706K -60,457 -4%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$8.24M +$654K +56,011 +9%
Bank of America
3
Bank of America
North Carolina
$7.03M +$2.62M +224,858 +64%
UBS Group
4
UBS Group
Switzerland
$5.98M +$1.04M +89,245 +22%
Wells Fargo
5
Wells Fargo
California
$4.74M -$2.03M -173,988 -31%
SG Americas Securities
6
SG Americas Securities
New York
$3.39M
LPL Financial
7
LPL Financial
California
$3.36M -$668K -57,229 -17%
HighTower Advisors
8
HighTower Advisors
Illinois
$2.32M +$82.1K +7,032 +4%
SFG
9
SNS Financial Group
Minnesota
$1.41M +$52K +4,458 +4%
Baird Financial Group
10
Baird Financial Group
Wisconsin
$1.01M +$79.9K +6,849 +9%
RJA
11
Raymond James & Associates
Florida
$845K -$185K -15,827 -19%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$673K +$1.39K +119 +0.2%
Koshinski Asset Management
13
Koshinski Asset Management
Illinois
$572K +$8.63K +739 +2%
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$543K -$74.9K -6,417 -13%
RJFSA
15
Raymond James Financial Services Advisors
Florida
$456K -$521K -44,657 -54%
CA
16
Cetera Advisors
Colorado
$424K -$26.3K -2,250 -6%
Ameriprise
17
Ameriprise
Minnesota
$401K +$157K +13,453 +69%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$281K -$46.4K -3,973 -15%
JP Morgan Chase
19
JP Morgan Chase
New York
$278K +$4.07K +349 +2%
IH
20
IFC Holdings
Florida
$267K -$83.2K -7,131 -24%
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$252K +$40.4K +3,461 +20%
CAN
22
Cetera Advisor Networks
California
$242K -$11.7K -1,000 -5%
IA
23
IFP Advisors
Florida
$237K -$116K -9,946 -35%
HFS
24
HL Financial Services
Kentucky
$221K -$9.34K -800 -4%
JIP
25
Jaffetilchin Investment Partners
Florida
$220K +$211K +18,105 New

FDD Hedge Fund Activity: Q1 2016 in Review

40 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Trust STOXX European Select Dividend Income Fund (FDD) for Q1 2016, worth a combined $62.5M — down 7.7% from $67.7M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of FDD and 3 opened new positions — a net loss of 6 holders — while 15 trimmed existing stakes and 14 added.

The largest buyer was Bank of America, adding an estimated $2.62M. The largest seller was Wells Fargo, cutting an estimated $2.03M.

  • 40 institutional investors held First Trust STOXX European Select Dividend Income Fund (FDD) as of Q1 2016, down from 46 in Q4 2015.
  • Funds reported $62.5M of First Trust STOXX European Select Dividend Income Fund stock for Q1 2016, down 7.7% quarter-over-quarter.
  • 3 funds opened new First Trust STOXX European Select Dividend Income Fund positions in Q1 2016 and 9 closed out, a net change of -6 holders.
  • The largest First Trust STOXX European Select Dividend Income Fund buyer in Q1 2016 was Bank of America, an estimated $2.62M added.
  • The largest First Trust STOXX European Select Dividend Income Fund seller in Q1 2016 was Wells Fargo, an estimated $2.03M sold.

Based on aggregated 13F filings for Q1 2016.