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First Trust Morningstar Dividend Leaders Index Fund

175 hedge funds and large institutions have $464M invested in First Trust Morningstar Dividend Leaders Index Fund in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 54 increasing their positions, 75 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.17% less ownership

Funds ownership: 40.13%37.96% (-2.2%)

17% less funds holding

Funds holding: 210175 (-35)

28% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 75

29% less funds holding in top 10

Funds holding in top 10: 75 (-2)

37% less capital invested

Capital invested by funds: $740M → $464M (-$276M)

65% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 49

Holders
175
Holders Change
-35
Holders Change %
-16.67%
% of All Funds
3.86%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.11%
New
17
Increased
54
Reduced
75
Closed
49
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KeyBank National Association
201
KeyBank National Association
Ohio
-$261K -8,025 Closed
FDCC
202
Foster Dykema Cabot & Co
Massachusetts
-$261K -8,012 Closed
BF
203
BOK Financial
Oklahoma
-$259K -7,936 Closed
BWM
204
BCS Wealth Management
Tennessee
-$253K -7,761 Closed
FHC
205
First Heartland Consultants
Missouri
-$250K -7,670 Closed
KA
206
Kovack Advisors
Florida
-$242K -7,442 Closed
CCB
207
Cutter & Co Brokerage
Missouri
-$240K -7,354 Closed
IAA
208
Independent Advisor Alliance
North Carolina
-$238K -7,291 Closed
UCFA
209
United Capital Financial Advisors
Texas
-$235K -7,204 Closed
William Blair & Company
210
William Blair & Company
Illinois
-$231K -7,105 Closed
SMC
211
Smith, Moore & Co
Missouri
-$216K -6,628 Closed
HWA
212
Heartwood Wealth Advisors
Virginia
-$203K -6,246 Closed
TA
213
TFG Advisers
Michigan
-$126K -3,889 Closed
RIA
214
Realta Investment Advisors
Delaware
-$99K -3,056 Closed
Chevy Chase Trust
215
Chevy Chase Trust
Maryland
-$43K -1,322 Closed
AA
216
Argent Advisors
Louisiana
-$38K -1,172 Closed
EWP
217
Engrave Wealth Partners
Texas
-$29K -911 Closed
CWM
218
Cedar Wealth Management
California
-$19K -568 Closed
FIB
219
First Interstate Bank
Montana
-$11K -325 Closed
HCM
220
Highlander Capital Management
New Jersey
-$10K -315 Closed
BlackRock
221
BlackRock
New York
-$2K -62 Closed
TPWA
222
TRUE Private Wealth Advisors
Oregon
+$346 +12 New

FDL Hedge Fund Activity: Q1 2020 in Review

175 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q1 2020, worth a combined $464M — down 37% from $740M a quarter earlier.

Sellers outnumbered buyers: 49 funds closed out of FDL and 17 opened new positions — a net loss of 32 holders — while 75 trimmed existing stakes and 54 added.

The largest buyer was Morgan Stanley, adding an estimated $13.9M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $13M.

  • 175 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q1 2020, down from 210 in Q4 2019.
  • Funds reported $464M of First Trust Morningstar Dividend Leaders Index Fund stock for Q1 2020, down 37% quarter-over-quarter.
  • 17 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q1 2020 and 49 closed out, a net change of -32 holders.
  • The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q1 2020 was Morgan Stanley, an estimated $13.9M added.
  • The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q1 2020 was Raymond James Financial Services Advisors, an estimated $13M sold.

Based on aggregated 13F filings for Q1 2020.