First Trust Morningstar Dividend Leaders Index Fund
FDL
177 hedge funds and large institutions have $470M invested in First Trust Morningstar Dividend Leaders Index Fund in 2020 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 38 increasing their positions, 77 reducing their positions, and 21 closing their positions.
14% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 21
1% more funds holding
Funds holding: 175 → 177 (+2)
1.04% less ownership
Funds ownership: 37.93% → 36.9% (-1%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
51% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 77
61% less capital inflows, than outflows
Capital inflows: $31.9M | Capital outflows: $82.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HC Advisors
Sandy Springs,
Georgia
|
+$6.1M |
| 2 |
Shepherd Kaplan Krochuk
Boston,
Massachusetts
|
+$5.16M |
| 3 |
Cozad Asset Management
Champaign,
Illinois
|
+$3.34M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.24M |
| 5 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$11.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$9.9M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$6.09M |
| 4 |
Morgan Stanley
New York
|
-$5.35M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$4.88M |
FDL Hedge Fund Activity: Q2 2020 in Review
177 of the 4,890 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q2 2020, worth a combined $470M — up 1.4% from $464M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FDL positions and 21 closed out — a net gain of 3 holders — while 38 added to existing stakes and 77 trimmed.
The largest buyer was HC Advisors, opening a new position worth an estimated $6.1M. The largest seller was Wells Fargo, cutting an estimated $11.5M.
- 177 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q2 2020, up from 175 in Q1 2020.
- Funds reported $470M of First Trust Morningstar Dividend Leaders Index Fund stock for Q2 2020, up 1.4% quarter-over-quarter.
- 24 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q2 2020 and 21 closed out, a net change of +3 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q2 2020 was HC Advisors, an estimated $6.1M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q2 2020 was Wells Fargo, an estimated $11.5M sold.
Based on aggregated 13F filings for Q2 2020.