First Trust Value Line Dividend Fund
84 hedge funds and large institutions have $414M invested in First Trust Value Line Dividend Fund in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 37 increasing their positions, 29 reducing their positions, and 13 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 29
1.87% less ownership
Funds ownership: 37.27% → 35.4% (-1.9%)
8% less funds holding
Funds holding: 91 → 84 (-7)
10% less capital invested
Capital invested by funds: $460M → $414M (-$45.9M)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$10.5M |
| 2 |
Morgan Stanley
New York
|
+$6.91M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.64M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.91M |
| 5 |
AIG
American International Group
New York
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$22.3M |
| 2 |
SAM
Shamrock Asset Management
Dallas,
Texas
|
-$22.3M |
| 3 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
-$7.55M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$3.86M |
| 5 |
AIM
Aspen Investment Management
Grand Rapids,
Michigan
|
-$1.74M |
FVD Hedge Fund Activity: Q2 2015 in Review
84 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in First Trust Value Line Dividend Fund (FVD) for Q2 2015, worth a combined $414M — down 10% from $460M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FVD and 7 opened new positions — a net loss of 6 holders — while 29 trimmed existing stakes and 37 added.
The largest buyer was Bank of America, adding an estimated $10.5M. The largest seller was Hays Advisory, exiting entirely with an estimated $22.3M sold.
- 84 institutional investors held First Trust Value Line Dividend Fund (FVD) as of Q2 2015, down from 91 in Q1 2015.
- Funds reported $414M of First Trust Value Line Dividend Fund stock for Q2 2015, down 10% quarter-over-quarter.
- 7 funds opened new First Trust Value Line Dividend Fund positions in Q2 2015 and 13 closed out, a net change of -6 holders.
- The largest First Trust Value Line Dividend Fund buyer in Q2 2015 was Bank of America, an estimated $10.5M added.
- The largest First Trust Value Line Dividend Fund seller in Q2 2015 was Hays Advisory, an estimated $22.3M sold.
Based on aggregated 13F filings for Q2 2015.