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First Trust Morningstar Dividend Leaders Index Fund
FDL

210 hedge funds and large institutions have $740M invested in First Trust Morningstar Dividend Leaders Index Fund in 2019 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 85 increasing their positions, 40 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

529% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 7

113% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 40

75% more funds holding in top 10

Funds holding in top 10: 4 → 7 (+3)

20% more funds holding

Funds holding: 175 → 210 (+35)

14% more capital invested

Capital invested by funds: $647M → $740M (+$92.9M)

1.59% more ownership

Funds ownership: 38.54% → 40.13% (+1.6%)

Holders
210
Holders Change
+35
Holders Change %
+20%
% of All Funds
4.14%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.14%
New
44
Increased
85
Reduced
40
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Truist Financial
Truist Financial
North Carolina
+$17M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$10M
3
Bank of America
Bank of America
North Carolina
+$5.06M
4
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$3.19M
5
LPL Financial
LPL Financial
California
+$3.04M

Top Sellers

Rank Fund Capital Flow
1
MIAN
Mariner Independent Advisor Network
Kansas
-$8.69M
2
BFG
Beacon Financial Group
Texas
-$2.32M
3
VF
Virtu Financial
New York
-$1.28M
4
IA
IFP Advisors
Florida
-$1.13M
5
JWA
JFS Wealth Advisors
Pennsylvania
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
26
Allworth Financial
California
$5.54M +$553K +17,382 +11%
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$5.24M +$271K +8,508 +6%
KFP
28
KMG Fiduciary Partners
Ohio
$4.98M +$95.9K +3,014 +2%
CF
29
Centaurus Financial
California
$4.51M -$53.6K -1,683 -1%
HIS
30
Harvest Investment Services
Illinois
$4.4M +$1.46M +45,875 +51%
Qube Research & Technologies (QRT)
31
Qube Research & Technologies (QRT)
United Kingdom
$3.27M +$3.19M +100,311 New
AAS
32
Avantax Advisory Services
Texas
$3.06M +$1.59M +49,995 +114%
PAG
33
Private Advisor Group
New Jersey
$3.01M +$88.9K +2,792 +3%
DADC
34
D.A. Davidson & Co
Montana
$2.9M +$550K +17,274 +24%
KFGK
35
Keystone Financial Group (Kentucky)
Kentucky
$2.89M +$135K +4,237 +5%
TCWM
36
Total Clarity Wealth Management
Illinois
$2.78M +$2.72M +85,383 New
HH
37
Hilltop Holdings
Texas
$2.76M +$950K +29,859 +54%
ASN
38
Advisory Services Network
Georgia
$2.74M -$113K -3,545 -4%
HFA
39
High Falls Advisors
New York
$2.67M +$566K +17,785 +28%
BRWA
40
B. Riley Wealth Advisors
Florida
$2.66M -$10.7K -335 -0.4%
WA
41
Wealth Advisors
California
$2.55M +$2.57M +80,790 New
WCG
42
Weaver Consulting Group
California
$2.49M – – –
CA
43
Cetera Advisors
Colorado
$2.48M +$193K +6,072 +9%
FAAS
44
First Allied Advisory Services
California
$2.44M +$151K +4,740 +7%
FLI
45
Family Legacy Inc
South Carolina
$2.37M +$37.3K +1,172 +2%
SIG
46
Sargent Investment Group
Maryland
$2.37M +$621K +19,510 +37%
JAWM
47
J. Arnold Wealth Management
Ohio
$2.27M +$2.21M +69,583 New
WS
48
Wedbush Securities
California
$2.26M +$671K +21,081 +44%
QCIG
49
Quad-Cities Investment Group
Iowa
$2.13M +$41.6K +1,308 +2%
SW
50
SlateStone Wealth
Florida
$2.09M – – –
1
2
3 4 5

FDL Hedge Fund Activity: Q4 2019 in Review

210 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q4 2019, worth a combined $740M — up 14% from $647M a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new FDL positions and 7 closed out — a net gain of 37 holders — while 85 added to existing stakes and 40 trimmed.

The largest buyer was Truist Financial, opening a new position worth an estimated $17M. The largest seller was Mariner Independent Advisor Network, cutting an estimated $8.69M.

  • 210 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q4 2019, up from 175 in Q3 2019.
  • Funds reported $740M of First Trust Morningstar Dividend Leaders Index Fund stock for Q4 2019, up 14% quarter-over-quarter.
  • 44 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q4 2019 and 7 closed out, a net change of +37 holders.
  • The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q4 2019 was Truist Financial, an estimated $17M added.
  • The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q4 2019 was Mariner Independent Advisor Network, an estimated $8.69M sold.

Based on aggregated 13F filings for Q4 2019.