First Trust STOXX European Select Dividend Income Fund
FDD
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.
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: 46 → 40 (-6)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.62M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.04M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$654K |
| 4 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$211K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$157K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$2.03M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.76M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$935K |
| 5 |
Jane Street
New York
|
-$805K |
FDD Hedge Fund Activity: Q1 2016 in Review
40 of the 3,767 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.