First Trust Morningstar Dividend Leaders Index Fund
364 hedge funds and large institutions have $2.28B invested in First Trust Morningstar Dividend Leaders Index Fund in 2023 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 83 increasing their positions, 170 reducing their positions, and 37 closing their positions.
46% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 37
4% more funds holding
Funds holding: 349 → 364 (+15)
1.97% less ownership
Funds ownership: 59.1% → 57.13% (-2%)
10% less funds holding in top 10
Funds holding in top 10: 21 → 19 (-2)
51% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 170
77% less capital inflows, than outflows
Capital inflows: $81.2M | Capital outflows: $355M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$8.89M |
| 2 |
ICA Group Wealth Management
Denver,
Colorado
|
+$3.79M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$3.18M |
| 4 |
Advisor Resource Council
Dallas,
Texas
|
+$3.13M |
| 5 |
HPC
Hobart Private Capital
Charlotte,
North Carolina
|
+$2.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$73.4M |
| 2 |
Stephens Inc
Little Rock,
Arkansas
|
-$21.7M |
| 3 |
Morgan Stanley
New York
|
-$19.3M |
| 4 |
LPL Financial
San Diego,
California
|
-$16M |
| 5 |
Steward Partners Investment Advisory
New York
|
-$14.7M |
FDL Hedge Fund Activity: Q4 2023 in Review
364 of the 6,876 institutional investors tracked by Wall St. Rank reported a position in First Trust Morningstar Dividend Leaders Index Fund (FDL) for Q4 2023, worth a combined $2.28B — down 4.9% from $2.4B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new FDL positions and 37 closed out — a net gain of 17 holders — while 83 added to existing stakes and 170 trimmed.
The largest buyer was Ameriprise, adding an estimated $8.89M. The largest seller was Cetera Investment Advisers, cutting an estimated $73.4M.
- 364 institutional investors held First Trust Morningstar Dividend Leaders Index Fund (FDL) as of Q4 2023, up from 349 in Q3 2023.
- Funds reported $2.28B of First Trust Morningstar Dividend Leaders Index Fund stock for Q4 2023, down 4.9% quarter-over-quarter.
- 54 funds opened new First Trust Morningstar Dividend Leaders Index Fund positions in Q4 2023 and 37 closed out, a net change of +17 holders.
- The largest First Trust Morningstar Dividend Leaders Index Fund buyer in Q4 2023 was Ameriprise, an estimated $8.89M added.
- The largest First Trust Morningstar Dividend Leaders Index Fund seller in Q4 2023 was Cetera Investment Advisers, an estimated $73.4M sold.
Based on aggregated 13F filings for Q4 2023.