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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, 54 increasing their positions, 75 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.17% less ownership

Funds ownership: 40.13%37.96% (-2.2%)

17% less funds holding

Funds holding: 210175 (-35)

28% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 75

29% less funds holding in top 10

Funds holding in top 10: 75 (-2)

37% less capital invested

Capital invested by funds: $740M → $464M (-$276M)

65% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 49

Holders
175
Holders Change
-35
Holders Change %
-16.67%
% of All Funds
3.86%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.11%
New
17
Increased
54
Reduced
75
Closed
49
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$81.3M +$13.9M +482,162 +15%
Bank of America
2
Bank of America
North Carolina
$33.6M -$4.08M -141,405 -9%
Wells Fargo
3
Wells Fargo
California
$33.5M -$8.54M -296,062 -16%
LPL Financial
4
LPL Financial
California
$30.8M -$3.22M -111,651 -7%
UBS Group
5
UBS Group
Switzerland
$20.7M -$4.55M -157,832 -15%
Truist Financial
6
Truist Financial
North Carolina
$16.8M +$6.3M +218,340 +41%
Osaic Holdings
7
Osaic Holdings
Arizona
$16.5M +$24.4M +846,487 New
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$13.8M +$136K +4,709 +0.8%
RJA
9
Raymond James & Associates
Florida
$12.2M -$1.85M -64,001 -10%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$10.6M -$13M -450,222 -49%
SL
11
Salomon & Ludwin
Virginia
$10.3M +$2.23M +77,260 +20%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$9.87M -$9.69M -336,132 -43%
Ameriprise
13
Ameriprise
Minnesota
$9.78M +$782K +27,129 +7%
SI
14
Stephens Inc
Arkansas
$9.34M +$1.81M +62,670 +18%
JWA
15
JFS Wealth Advisors
Pennsylvania
$9.04M +$197K +6,835 +2%
BFG
16
Beacon Financial Group
Texas
$7.75M -$1.64M -56,910 -16%
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$6.72M -$7.72M -267,612 -47%
SFG
18
SNS Financial Group
Minnesota
$6.47M +$7.95M +275,672 +1,982%
Baird Financial Group
19
Baird Financial Group
Wisconsin
$5.79M +$76.7K +2,660 +1%
Stifel Financial
20
Stifel Financial
Missouri
$5M +$397K +13,773 +7%
AF
21
Allworth Financial
California
$4.9M +$1.42M +49,256 +29%
Janney Montgomery Scott
22
Janney Montgomery Scott
Pennsylvania
$4.76M +$364K +12,627 +6%
PCM
23
Peak Capital Management
Colorado
$4.5M +$154K +5,329 +3%
Susquehanna International Group
24
Susquehanna International Group
Pennsylvania
$4.13M +$4.56M +158,229 +598%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$4.01M -$2.3M -79,817 -31%

FDL Hedge Fund Activity: Q1 2020 in Review

175 of the 4,538 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 37% from $740M 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 54 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 37% 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.