First Trust Morningstar Dividend Leaders Index Fund
172 hedge funds and large institutions have $449M invested in First Trust Morningstar Dividend Leaders Index Fund in 2020 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 49 increasing their positions, 69 reducing their positions, and 20 closing their positions.
5% less capital invested
Capital invested by funds: $470M → $449M (-$21.3M)
1.44% less ownership
Funds ownership: 36.9% → 35.46% (-1.4%)
3% less funds holding
Funds holding: 177 → 172 (-5)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
29% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 69
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$6.3M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.03M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.3M |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$1.26M |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$693K |
Top Sellers
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$11.5M |
| 2 |
BFG
Beacon Financial Group
Dallas,
Texas
|
-$6.61M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$5.39M |
| 4 |
LPL Financial
San Diego,
California
|
-$4.15M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.96M |
FDL Hedge Fund Activity: Q3 2020 in Review
172 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q3 2020, worth a combined $449M — down 4.5% from $470M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of FDL and 15 opened new positions — a net loss of 5 holders — while 69 trimmed existing stakes and 49 added.
The largest buyer was Stifel Financial, adding an estimated $6.3M. The largest seller was Bank of America, cutting an estimated $11.5M.
- 172 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q3 2020, down from 177 in Q2 2020.
- Funds reported $449M of First Trust Morningstar Dividend Leaders Index Fund stock for Q3 2020, down 4.5% quarter-over-quarter.
- 15 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q3 2020 and 20 closed out, a net change of -5 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q3 2020 was Stifel Financial, an estimated $6.3M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q3 2020 was Bank of America, an estimated $11.5M sold.
Based on aggregated 13F filings for Q3 2020.