First Trust Morningstar Dividend Leaders Index Fund
120 hedge funds and large institutions have $698M invested in First Trust Morningstar Dividend Leaders Index Fund in 2016 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 52 increasing their positions, 32 reducing their positions, and 9 closing their positions.
111% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 9
63% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 32
15% more capital invested
Capital invested by funds: $606M → $698M (+$91.7M)
7% more funds holding
Funds holding: 112 → 120 (+8)
2.75% less ownership
Funds ownership: 47.43% → 44.68% (-2.7%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFS
Commonwealth Financial Services
Vienna,
West Virginia
|
+$14.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$14.4M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$12.5M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$10.8M |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$26.9M |
| 2 |
MPM
Meritage Portfolio Management
Overland Park,
Kansas
|
-$13.7M |
| 3 |
AIG
American International Group
New York
|
-$9.08M |
| 4 |
Goldman Sachs
New York
|
-$7.29M |
| 5 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$4.24M |
FDL Hedge Fund Activity: Q2 2016 in Review
120 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q2 2016, worth a combined $698M — up 15% from $606M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FDL positions and 9 closed out — a net gain of 10 holders — while 52 added to existing stakes and 32 trimmed.
The largest buyer was Commonwealth Financial Services, opening a new position worth an estimated $14.8M. The largest seller was LPL Financial, cutting an estimated $26.9M.
- 120 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q2 2016, up from 112 in Q1 2016.
- Funds reported $698M of First Trust Morningstar Dividend Leaders Index Fund stock for Q2 2016, up 15% quarter-over-quarter.
- 19 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q2 2016 and 9 closed out, a net change of +10 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q2 2016 was Commonwealth Financial Services, an estimated $14.8M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q2 2016 was LPL Financial, an estimated $26.9M sold.
Based on aggregated 13F filings for Q2 2016.