First Trust Value Line Dividend Fund
125 hedge funds and large institutions have $1.09B invested in First Trust Value Line Dividend Fund in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 68 increasing their positions, 24 reducing their positions, and 2 closing their positions.
750% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 2
183% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 24
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
21% more capital invested
Capital invested by funds: $899M → $1.09B (+$193M)
10% more funds holding
Funds holding: 114 → 125 (+11)
0.24% less ownership
Funds ownership: 44.03% → 43.8% (-0.24%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$34.5M |
| 2 |
Citigroup
New York
|
+$17.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$17M |
| 4 |
LPL Financial
San Diego,
California
|
+$14.3M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCAG
Rehmann Capital Advisory Group
Lansing,
Michigan
|
-$7.4M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.24M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.65M |
| 4 |
SAM
Shamrock Asset Management
Dallas,
Texas
|
-$483K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$410K |
FVD Hedge Fund Activity: Q3 2016 in Review
125 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in First Trust Value Line Dividend Fund (FVD) for Q3 2016, worth a combined $1.09B — up 21% from $899M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FVD positions and 2 closed out — a net gain of 15 holders — while 68 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $34.5M. The largest seller was Rehmann Capital Advisory Group, cutting an estimated $7.4M.
- 125 institutional investors held First Trust Value Line Dividend Fund (FVD) as of Q3 2016, up from 114 in Q2 2016.
- Funds reported $1.09B of First Trust Value Line Dividend Fund stock for Q3 2016, up 21% quarter-over-quarter.
- 17 funds opened new First Trust Value Line Dividend Fund positions in Q3 2016 and 2 closed out, a net change of +15 holders.
- The largest First Trust Value Line Dividend Fund buyer in Q3 2016 was Morgan Stanley, an estimated $34.5M added.
- The largest First Trust Value Line Dividend Fund seller in Q3 2016 was Rehmann Capital Advisory Group, an estimated $7.4M sold.
Based on aggregated 13F filings for Q3 2016.