First Trust Dow Jones Global Select Dividend Index Fund
122 hedge funds and large institutions have $350M invested in First Trust Dow Jones Global Select Dividend Index Fund in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 45 increasing their positions, 41 reducing their positions, and 14 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 41
1.08% less ownership
Funds ownership: 56.48% → 55.4% (-1.1%)
5% less funds holding
Funds holding: 128 → 122 (-6)
8% less capital invested
Capital invested by funds: $382M → $350M (-$31.5M)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.56M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.09M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.69M |
| 4 |
PNC
Park National Corp
Newark,
Ohio
|
+$1.18M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$810K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$22.1M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$5.08M |
| 3 |
Jane Street
New York
|
-$2.35M |
| 4 |
LPL Financial
San Diego,
California
|
-$2.32M |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$2.13M |
FGD Hedge Fund Activity: Q3 2023 in Review
122 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in First Trust Dow Jones Global Select Dividend Index Fund (FGD) for Q3 2023, worth a combined $350M — down 8.3% from $382M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FGD and 8 opened new positions — a net loss of 6 holders — while 41 trimmed existing stakes and 45 added.
The largest buyer was Morgan Stanley, adding an estimated $4.56M. The largest seller was First Trust Advisors, cutting an estimated $22.1M.
- 122 institutional investors held First Trust Dow Jones Global Select Dividend Index Fund (FGD) as of Q3 2023, down from 128 in Q2 2023.
- Funds reported $350M of First Trust Dow Jones Global Select Dividend Index Fund stock for Q3 2023, down 8.3% quarter-over-quarter.
- 8 funds opened new First Trust Dow Jones Global Select Dividend Index Fund positions in Q3 2023 and 14 closed out, a net change of -6 holders.
- The largest First Trust Dow Jones Global Select Dividend Index Fund buyer in Q3 2023 was Morgan Stanley, an estimated $4.56M added.
- The largest First Trust Dow Jones Global Select Dividend Index Fund seller in Q3 2023 was First Trust Advisors, an estimated $22.1M sold.
Based on aggregated 13F filings for Q3 2023.