First Trust Morningstar Dividend Leaders Index Fund
118 hedge funds and large institutions have $761M invested in First Trust Morningstar Dividend Leaders Index Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 58 increasing their positions, 34 reducing their positions, and 7 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 34
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
9% more capital invested
Capital invested by funds: $699M → $761M (+$61.7M)
0.88% less ownership
Funds ownership: 44.68% → 43.8% (-0.88%)
2% less funds holding
Funds holding: 120 → 118 (-2)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$34.3M |
| 2 |
SB
Suntrust Banks
Atlanta,
Georgia
|
+$12.3M |
| 3 |
CFS
Commonwealth Financial Services
Vienna,
West Virginia
|
+$7.72M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$6.17M |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$4.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$10.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$8.3M |
| 3 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$5.4M |
| 4 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$3.63M |
| 5 |
Jane Street
New York
|
-$3.39M |
FDL Hedge Fund Activity: Q3 2016 in Review
118 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q3 2016, worth a combined $761M — up 8.8% from $699M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FDL positions and 7 closed out — a net gain of 1 holder — while 58 added to existing stakes and 34 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $34.3M. The largest seller was Janney Montgomery Scott, cutting an estimated $10.8M.
- 118 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q3 2016, down from 120 in Q2 2016.
- Funds reported $761M of First Trust Morningstar Dividend Leaders Index Fund stock for Q3 2016, up 8.8% quarter-over-quarter.
- 8 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q3 2016 and 7 closed out, a net change of +1 holder.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q3 2016 was Morgan Stanley, an estimated $34.3M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q3 2016 was Janney Montgomery Scott, an estimated $10.8M sold.
Based on aggregated 13F filings for Q3 2016.