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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.

New
Increased
Maintained
Reduced
Closed

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: 47 (+3)

20% more funds holding

Funds holding: 175210 (+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%)

Holders
210
Holders Change
+35
Holders Change %
+20%
% of All Funds
4.14%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.14%
New
44
Increased
85
Reduced
40
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$103M +$547K +17,201 +0.5%
Wells Fargo
2
Wells Fargo
California
$58.6M -$809K -25,411 -1%
Bank of America
3
Bank of America
North Carolina
$53.6M +$5.06M +159,006 +11%
LPL Financial
4
LPL Financial
California
$48.5M +$3.04M +95,642 +7%
UBS Group
5
UBS Group
Switzerland
$35.3M +$2.19M +68,751 +7%
RJFSA
6
Raymond James Financial Services Advisors
Florida
$30.1M +$10M +315,225 +52%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$25.3M +$1.6M +50,387 +7%
AG
8
Advisor Group
Arizona
$22.4M -$379K -11,897 -2%
RJA
9
Raymond James & Associates
Florida
$19.9M +$805K +25,293 +4%
Envestnet Asset Management
10
Envestnet Asset Management
Illinois
$19.9M +$2.26M +71,085 +13%
Cambridge Investment Research Advisors
11
Cambridge Investment Research Advisors
Iowa
$18.5M +$958K +30,096 +6%
Truist Financial
12
Truist Financial
North Carolina
$17.5M +$17M +535,696 New
BFG
13
Beacon Financial Group
Texas
$17.2M -$2.32M -72,813 -17%
MML Investors Services
14
MML Investors Services
Massachusetts
$13.8M +$1.44M +45,246 +12%
Ameriprise
15
Ameriprise
Minnesota
$13.3M +$1.68M +52,793 +15%
JWA
16
JFS Wealth Advisors
Pennsylvania
$13M -$1.13M -35,410 -8%
SL
17
Salomon & Ludwin
Virginia
$12.5M -$972K -30,541 -7%
SI
18
Stephens Inc
Arkansas
$11.6M +$360K +11,305 +3%
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$8.68M +$612K +19,224 +8%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$8.46M +$504K +15,826 +6%
Baird Financial Group
21
Baird Financial Group
Wisconsin
$8.36M -$25.2K -791 -0.3%
Stifel Financial
22
Stifel Financial
Missouri
$6.87M +$633K +19,900 +10%
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$6.53M +$5.86K +184 +0.1%
PCM
24
Peak Capital Management
Colorado
$6.37M -$25.1K -788 -0.4%
HighTower Advisors
25
HighTower Advisors
Illinois
$5.55M +$910K +28,594 +20%

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.