First Trust Morningstar Dividend Leaders Index Fund
161 hedge funds and large institutions have $596M invested in First Trust Morningstar Dividend Leaders Index Fund in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 47 increasing their positions, 71 reducing their positions, and 13 closing their positions.
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
2% more funds holding
Funds holding: 158 → 161 (+3)
0.47% less ownership
Funds ownership: 39.68% → 39.21% (-0.47%)
13% less capital invested
Capital invested by funds: $683M → $596M (-$86.6M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
34% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 71
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$29.2M |
| 2 |
JIP
Jaffetilchin Investment Partners
Tampa,
Florida
|
+$6.93M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$3.7M |
| 4 |
VF
Virtu Financial
New York
|
+$2.94M |
| 5 |
KFGK
Keystone Financial Group (Kentucky)
Lexington,
Kentucky
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$16.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$14.8M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$14.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$10.9M |
| 5 |
DAS
Dynamic Advisor Solutions
Phoenix,
Arizona
|
-$9.32M |
FDL Hedge Fund Activity: Q1 2018 in Review
161 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q1 2018, worth a combined $596M — down 13% from $683M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FDL positions and 13 closed out — a net gain of 3 holders — while 47 added to existing stakes and 71 trimmed.
The largest buyer was BB&T Securities, adding an estimated $29.2M. The largest seller was Morgan Stanley, cutting an estimated $16.8M.
- 161 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q1 2018, up from 158 in Q4 2017.
- Funds reported $596M of First Trust Morningstar Dividend Leaders Index Fund stock for Q1 2018, down 13% quarter-over-quarter.
- 16 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q1 2018 and 13 closed out, a net change of +3 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q1 2018 was BB&T Securities, an estimated $29.2M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q1 2018 was Morgan Stanley, an estimated $16.8M sold.
Based on aggregated 13F filings for Q1 2018.