First Trust Morningstar Dividend Leaders Index Fund
169 hedge funds and large institutions have $551M invested in First Trust Morningstar Dividend Leaders Index Fund in 2018 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 57 increasing their positions, 52 reducing their positions, and 13 closing their positions.
138% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 13
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
9% more funds holding
Funds holding: 155 → 169 (+14)
3.42% more ownership
Funds ownership: 36.45% → 39.87% (+3.4%)
10% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 52
4% more capital invested
Capital invested by funds: $529M → $551M (+$21.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$11.9M |
| 2 |
BFG
Beacon Financial Group
Dallas,
Texas
|
+$8.47M |
| 3 |
Morgan Stanley
New York
|
+$7.39M |
| 4 |
LPL Financial
San Diego,
California
|
+$4.65M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$4.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$5.5M |
| 2 |
CL
Choreo LLC
Rockford,
Illinois
|
-$2.92M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.17M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.9M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ML
176
McAdam LLC
Philadelphia,
Pennsylvania
| – | -$17K | -553 | Closed |
|
|
KIG
177
Kessler Investment Group
Columbus,
Indiana
| – | -$6K | -200 | Closed |
|
178
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$29 | +1 | +100% |
|
FDL Hedge Fund Activity: Q4 2018 in Review
169 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q4 2018, worth a combined $551M — up 4.1% from $529M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new FDL positions and 13 closed out — a net gain of 18 holders — while 57 added to existing stakes and 52 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $11.9M. The largest seller was Cornerstone Wealth Management, exiting entirely with an estimated $5.5M sold.
- 169 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q4 2018, up from 155 in Q3 2018.
- Funds reported $551M of First Trust Morningstar Dividend Leaders Index Fund stock for Q4 2018, up 4.1% quarter-over-quarter.
- 31 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q4 2018 and 13 closed out, a net change of +18 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q4 2018 was Envestnet Asset Management, an estimated $11.9M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $5.5M sold.
Based on aggregated 13F filings for Q4 2018.