First Trust Morningstar Dividend Leaders Index Fund
210 hedge funds and large institutions have $740M invested in First Trust Morningstar Dividend Leaders Index Fund in 2019 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 85 increasing their positions, 40 reducing their positions, and 7 closing their positions.
529% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 7
113% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 40
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
20% more funds holding
Funds holding: 175 → 210 (+35)
14% more capital invested
Capital invested by funds: $647M → $740M (+$92.9M)
1.59% more ownership
Funds ownership: 38.54% → 40.13% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
+$17M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$10M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$5.06M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$3.19M |
| 5 |
LPL Financial
San Diego,
California
|
+$3.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$8.69M |
| 2 |
BFG
Beacon Financial Group
Dallas,
Texas
|
-$2.32M |
| 3 |
VF
Virtu Financial
New York
|
-$1.28M |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$1.13M |
| 5 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$1.13M |
FDL Hedge Fund Activity: Q4 2019 in Review
210 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q4 2019, worth a combined $740M — up 14% from $647M a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new FDL positions and 7 closed out — a net gain of 37 holders — while 85 added to existing stakes and 40 trimmed.
The largest buyer was Truist Financial, opening a new position worth an estimated $17M. The largest seller was Mariner Independent Advisor Network, cutting an estimated $8.69M.
- 210 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q4 2019, up from 175 in Q3 2019.
- Funds reported $740M of First Trust Morningstar Dividend Leaders Index Fund stock for Q4 2019, up 14% quarter-over-quarter.
- 44 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q4 2019 and 7 closed out, a net change of +37 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q4 2019 was Truist Financial, an estimated $17M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q4 2019 was Mariner Independent Advisor Network, an estimated $8.69M sold.
Based on aggregated 13F filings for Q4 2019.