First Trust Morningstar Dividend Leaders Index Fund
169 hedge funds and large institutions have $646M invested in First Trust Morningstar Dividend Leaders Index Fund in 2019 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 71 increasing their positions, 53 reducing their positions, and 16 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
34% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 53
7% more capital invested
Capital invested by funds: $603M → $646M (+$42.9M)
0.47% more ownership
Funds ownership: 38.45% → 38.93% (+0.47%)
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
2% less funds holding
Funds holding: 173 → 169 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$8.54M |
| 2 |
BFG
Beacon Financial Group
Dallas,
Texas
|
+$8.35M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$5.68M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$5.66M |
| 5 |
CF
Centaurus Financial
Anaheim,
California
|
+$4.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$8.35M |
| 2 |
Jane Street
New York
|
-$2.27M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.71M |
| 4 |
PCM
Peak Capital Management
Greenwood Village,
Colorado
|
-$1.15M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GCA
176
Genesee Capital Advisors
Auburn,
New York
| – | -$149K | -4,937 | Closed |
|
|
GT
177
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$70 | -2,354 | Closed |
|
|
WCM
178
WealthBridge Capital Management
Westerville,
Ohio
| – | -$49K | -1,613 | Closed |
|
|
CWA
179
Clarus Wealth Advisors
Peoria,
Arizona
| – | -$37K | -1,214 | Closed |
|
|
RFC
180
Regions Financial Corp
Birmingham,
Alabama
| – | -$34K | -1,125 | Closed |
|
|
FC
181
Ferris Capital
Marlborough,
Massachusetts
| – | -$14K | -450 | Closed |
|
182
First Manhattan
New York
| – | -$6K | -204 | Closed |
|
|
BCI
183
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$4K | -143 | Closed |
|
FDL Hedge Fund Activity: Q2 2019 in Review
169 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q2 2019, worth a combined $646M — up 7.1% from $603M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FDL and 15 opened new positions — a net loss of 1 holder — while 53 trimmed existing stakes and 71 added.
The largest buyer was Mariner Independent Advisor Network, opening a new position worth an estimated $8.54M. The largest seller was BB&T Securities, cutting an estimated $8.35M.
- 169 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q2 2019, down from 173 in Q1 2019.
- Funds reported $646M of First Trust Morningstar Dividend Leaders Index Fund stock for Q2 2019, up 7.1% quarter-over-quarter.
- 15 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q2 2019 and 16 closed out, a net change of -1 holder.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q2 2019 was Mariner Independent Advisor Network, an estimated $8.54M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q2 2019 was BB&T Securities, an estimated $8.35M sold.
Based on aggregated 13F filings for Q2 2019.