First Trust Morningstar Dividend Leaders Index Fund
175 hedge funds and large institutions have $464M invested in First Trust Morningstar Dividend Leaders Index Fund in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 53 increasing their positions, 75 reducing their positions, and 49 closing their positions.
2.2% less ownership
Funds ownership: 40.13% → 37.93% (-2.2%)
17% less funds holding
Funds holding: 210 → 175 (-35)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
29% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 75
38% less capital invested
Capital invested by funds: $743M → $464M (-$280M)
65% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$13.9M |
| 2 |
SFG
SNS Financial Group
Minneapolis,
Minnesota
|
+$7.95M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$6.3M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.56M |
| 5 |
SL
Salomon & Ludwin
Richmond,
Virginia
|
+$2.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$13M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$9.69M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$8.54M |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
-$8.34M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$7.72M |
FDL Hedge Fund Activity: Q1 2020 in Review
175 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q1 2020, worth a combined $464M — down 38% from $743M a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of FDL and 17 opened new positions — a net loss of 32 holders — while 75 trimmed existing stakes and 53 added.
The largest buyer was Morgan Stanley, adding an estimated $13.9M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $13M.
- 175 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q1 2020, down from 210 in Q4 2019.
- Funds reported $464M of First Trust Morningstar Dividend Leaders Index Fund stock for Q1 2020, down 38% quarter-over-quarter.
- 17 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q1 2020 and 49 closed out, a net change of -32 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q1 2020 was Morgan Stanley, an estimated $13.9M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q1 2020 was Raymond James Financial Services Advisors, an estimated $13M sold.
Based on aggregated 13F filings for Q1 2020.