First Trust Morningstar Dividend Leaders Index Fund
138 hedge funds and large institutions have $703M invested in First Trust Morningstar Dividend Leaders Index Fund in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 45 increasing their positions, 47 reducing their positions, and 17 closing their positions.
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
5% more funds holding
Funds holding: 132 → 138 (+6)
4% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 47
3.06% less ownership
Funds ownership: 42.85% → 39.79% (-3.1%)
7% less capital invested
Capital invested by funds: $760M → $703M (-$56.6M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$8.86M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.04M |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$2.01M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.89M |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$1.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$27.8M |
| 2 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$17.6M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$11.1M |
| 4 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$6.96M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$6.76M |
FDL Hedge Fund Activity: Q1 2017 in Review
138 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q1 2017, worth a combined $703M — down 7.5% from $760M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new FDL positions and 17 closed out — a net gain of 8 holders — while 45 added to existing stakes and 47 trimmed.
The largest buyer was MML Investors Services, opening a new position worth an estimated $8.86M. The largest seller was Morgan Stanley, cutting an estimated $27.8M.
- 138 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q1 2017, up from 132 in Q4 2016.
- Funds reported $703M of First Trust Morningstar Dividend Leaders Index Fund stock for Q1 2017, down 7.5% quarter-over-quarter.
- 25 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q1 2017 and 17 closed out, a net change of +8 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q1 2017 was MML Investors Services, an estimated $8.86M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q1 2017 was Morgan Stanley, an estimated $27.8M sold.
Based on aggregated 13F filings for Q1 2017.