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First Trust Morningstar Dividend Leaders Index Fund
FDL

177 hedge funds and large institutions have $470M invested in First Trust Morningstar Dividend Leaders Index Fund in 2020 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 38 increasing their positions, 78 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 21

1% more funds holding

Funds holding: 175 → 177 (+2)

1% more capital invested

Capital invested by funds: $464M → $470M (+$6.13M)

1.06% less ownership

Funds ownership: 37.96% → 36.9% (-1.1%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

51% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 78

Holders
177
Holders Change
+2
Holders Change %
+1.14%
% of All Funds
3.63%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.08%
New
24
Increased
38
Reduced
78
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HA
HC Advisors
Georgia
+$6.1M
2
SKK
Shepherd Kaplan Krochuk
Massachusetts
+$5.16M
3
CAM
Cozad Asset Management
Illinois
+$3.34M
4
LPL Financial
LPL Financial
California
+$2.24M
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.6M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$11.5M
2
UBS Group
UBS Group
Switzerland
-$9.86M
3
Truist Financial
Truist Financial
North Carolina
-$6.09M
4
Morgan Stanley
Morgan Stanley
New York
-$5.35M
5
Bank of America
Bank of America
North Carolina
-$4.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAM
26
Cozad Asset Management
Illinois
$3.4M +$3.34M +134,092 New
CF
27
Centaurus Financial
California
$3.21M -$225K -9,044 -7%
LS
28
Leelyn Smith
Illinois
$3.03M +$16.8K +675 +0.6%
HIS
29
Harvest Investment Services
Illinois
$3.02M +$804K +32,312 +37%
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$2.88M -$813K -32,681 -22%
DADC
31
D.A. Davidson & Co
Montana
$2.75M +$106K +4,240 +4%
MML Investors Services
32
MML Investors Services
Massachusetts
$2.61M -$799K -32,100 -24%
ECA
33
Elevated Capital Advisors
Utah
$2.53M +$2.29M +92,175 New
KFP
34
KMG Fiduciary Partners
Ohio
$2.46M -$396K -15,921 -14%
HFA
35
High Falls Advisors
New York
$2.27M -$16.3K -654 -0.7%
KFGK
36
Keystone Financial Group (Kentucky)
Kentucky
$2.19M -$2.61K -105 -0.1%
AAS
37
Avantax Advisory Services
Texas
$2.16M -$198K -7,935 -9%
CA
38
Cetera Advisors
Colorado
$2.13M -$10.5K -420 -0.5%
TCWM
39
Total Clarity Wealth Management
Illinois
$2.09M -$50.7K -2,038 -2%
HighTower Advisors
40
HighTower Advisors
Illinois
$1.94M -$871K -34,975 -31%
BRWA
41
B. Riley Wealth Advisors
Florida
$1.89M +$7.62K +306 +0.4%
FAAS
42
First Allied Advisory Services
California
$1.87M -$82.7K -3,324 -4%
TRCT
43
Tower Research Capital (TRC)
New York
$1.86M +$261K +10,479 +17%
ASN
44
Advisory Services Network
Georgia
$1.81M -$123K -4,953 -6%
WS
45
Wedbush Securities
California
$1.8M +$23.3K +936 +1%
SIG
46
Sargent Investment Group
Maryland
$1.78M +$71.4K +2,869 +4%
QCIG
47
Quad-Cities Investment Group
Iowa
$1.69M -$64.5K -2,590 -4%
APW
48
Austin Private Wealth
Texas
$1.62M +$126K +5,048 +9%
Rockefeller Capital Management
49
Rockefeller Capital Management
New York
$1.55M +$236K +9,482 +18%
Citadel Advisors
50
Citadel Advisors
Florida
$1.42M +$571K +22,941 +70%
1
2
3 4 5

FDL Hedge Fund Activity: Q2 2020 in Review

177 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q2 2020, worth a combined $470M — up 1.3% from $464M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new FDL positions and 21 closed out — a net gain of 3 holders — while 38 added to existing stakes and 78 trimmed.

The largest buyer was HC Advisors, opening a new position worth an estimated $6.1M. The largest seller was Wells Fargo, cutting an estimated $11.5M.

  • 177 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q2 2020, up from 175 in Q1 2020.
  • Funds reported $470M of First Trust Morningstar Dividend Leaders Index Fund stock for Q2 2020, up 1.3% quarter-over-quarter.
  • 24 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q2 2020 and 21 closed out, a net change of +3 holders.
  • The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q2 2020 was HC Advisors, an estimated $6.1M added.
  • The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q2 2020 was Wells Fargo, an estimated $11.5M sold.

Based on aggregated 13F filings for Q2 2020.