First Trust Morningstar Dividend Leaders Index Fund
112 hedge funds and large institutions have $606M invested in First Trust Morningstar Dividend Leaders Index Fund in 2016 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 52 increasing their positions, 22 reducing their positions, and 5 closing their positions.
400% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 5
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
136% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 22
77% more capital invested
Capital invested by funds: $343M → $606M (+$264M)
19% more funds holding
Funds holding: 94 → 112 (+18)
7.75% more ownership
Funds ownership: 39.68% → 47.43% (+7.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$28.4M |
| 2 |
HA
Hays Advisory
Franklin,
Tennessee
|
+$25.9M |
| 3 |
Morgan Stanley
New York
|
+$25.3M |
| 4 |
LPL Financial
San Diego,
California
|
+$24.1M |
| 5 |
SAM
Shamrock Asset Management
Dallas,
Texas
|
+$16.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFG
Beacon Financial Group
Dallas,
Texas
|
-$16.3M |
| 2 |
IA
IFP Advisors
Tampa,
Florida
|
-$1.09M |
| 3 |
HFS
HL Financial Services
Louisville,
Kentucky
|
-$1.03M |
| 4 |
FHC
First Heartland Consultants
Lake St. Louis,
Missouri
|
-$649K |
| 5 |
CCS
Crosspoint Capital Strategies
Orinda,
California
|
-$602K |
FDL Hedge Fund Activity: Q1 2016 in Review
112 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q1 2016, worth a combined $606M — up 77% from $343M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FDL positions and 5 closed out — a net gain of 20 holders — while 52 added to existing stakes and 22 trimmed.
The largest buyer was Wells Fargo, adding an estimated $28.4M. The largest seller was Beacon Financial Group, cutting an estimated $16.3M.
- 112 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q1 2016, up from 94 in Q4 2015.
- Funds reported $606M of First Trust Morningstar Dividend Leaders Index Fund stock for Q1 2016, up 77% quarter-over-quarter.
- 25 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q1 2016 and 5 closed out, a net change of +20 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q1 2016 was Wells Fargo, an estimated $28.4M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q1 2016 was Beacon Financial Group, an estimated $16.3M sold.
Based on aggregated 13F filings for Q1 2016.