First Trust Morningstar Dividend Leaders Index Fund
347 hedge funds and large institutions have $2.4B invested in First Trust Morningstar Dividend Leaders Index Fund in 2023 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 93 increasing their positions, 162 reducing their positions, and 33 closing their positions.
12% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 33
1% more funds holding
Funds holding: 345 → 347 (+2)
0% more funds holding in top 10
Funds holding in top 10: 21 → 21 (0)
0.32% less ownership
Funds ownership: 59.38% → 59.06% (-0.32%)
9% less capital invested
Capital invested by funds: $2.64B → $2.4B (-$245M)
43% less repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 162
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$5.67M |
| 2 |
ECA
Elevated Capital Advisors
Sandy,
Utah
|
+$5.61M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$5.58M |
| 4 |
Comerica Bank
Dallas,
Texas
|
+$2.88M |
| 5 |
VF
Virtu Financial
New York
|
+$2.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$36.3M |
| 2 |
Morgan Stanley
New York
|
-$25.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$16.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$14.6M |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$13.4M |
FDL Hedge Fund Activity: Q3 2023 in Review
347 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q3 2023, worth a combined $2.4B — down 9.3% from $2.64B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FDL positions and 33 closed out — a net gain of 4 holders — while 93 added to existing stakes and 162 trimmed.
The largest buyer was Ameriprise, adding an estimated $5.67M. The largest seller was LPL Financial, cutting an estimated $36.3M.
- 347 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q3 2023, up from 345 in Q2 2023.
- Funds reported $2.4B of First Trust Morningstar Dividend Leaders Index Fund stock for Q3 2023, down 9.3% quarter-over-quarter.
- 37 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q3 2023 and 33 closed out, a net change of +4 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q3 2023 was Ameriprise, an estimated $5.67M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q3 2023 was LPL Financial, an estimated $36.3M sold.
Based on aggregated 13F filings for Q3 2023.