First Trust Morningstar Dividend Leaders Index Fund
149 hedge funds and large institutions have $542M invested in First Trust Morningstar Dividend Leaders Index Fund in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 46 increasing their positions, 62 reducing their positions, and 18 closing their positions.
2.09% less ownership
Funds ownership: 39.21% → 37.12% (-2.1%)
7% less funds holding
Funds holding: 161 → 149 (-12)
9% less capital invested
Capital invested by funds: $596M → $542M (-$54.1M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
26% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 62
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$4.71M |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
+$734K |
| 3 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$379K |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$370K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$345K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$16M |
| 2 |
Morgan Stanley
New York
|
-$10.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$10.3M |
| 4 |
LPL Financial
San Diego,
California
|
-$9.23M |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$3.73M |
FDL Hedge Fund Activity: Q2 2018 in Review
149 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q2 2018, worth a combined $542M — down 9.1% from $596M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FDL and 8 opened new positions — a net loss of 10 holders — while 62 trimmed existing stakes and 46 added.
The largest buyer was Cornerstone Wealth Management, opening a new position worth an estimated $4.71M. The largest seller was BB&T Securities, cutting an estimated $16M.
- 149 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q2 2018, down from 161 in Q1 2018.
- Funds reported $542M of First Trust Morningstar Dividend Leaders Index Fund stock for Q2 2018, down 9.1% quarter-over-quarter.
- 8 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q2 2018 and 18 closed out, a net change of -10 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $4.71M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q2 2018 was BB&T Securities, an estimated $16M sold.
Based on aggregated 13F filings for Q2 2018.