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First Trust Value Line Dividend Fund
FVD

400 hedge funds and large institutions have $7.27B invested in First Trust Value Line Dividend Fund in 2021 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 188 increasing their positions, 112 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 112

21% more funds holding in top 10

Funds holding in top 10: 39 → 47 (+8)

18% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 22

1.58% more ownership

Funds ownership: 61.76% → 63.33% (+1.6%)

0% less capital invested

Capital invested by funds: $7.29B → $7.27B (-$19.2M)

1% less funds holding

Funds holding: 405 → 400 (-5)

Holders
400
Holders Change
-5
Holders Change %
-1.23%
% of All Funds
7%
Holding in Top 10
47
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+20.51%
% of All Funds
0.82%
New
26
Increased
188
Reduced
112
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LCWP
Legacy Capital Wealth Partners
Arkansas
+$120M
2
LPL Financial
LPL Financial
California
+$86M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$20.2M
4
RJA
Raymond James & Associates
Florida
+$16.2M
5
GLA
Good Life Advisors
Pennsylvania
+$12.6M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$35.7M
2
LNC
Lincoln National Corp
Pennsylvania
-$18.7M
3
LFAS
Level Four Advisory Services
Texas
-$13.8M
4
Morgan Stanley
Morgan Stanley
New York
-$11.9M
5
Ameriprise
Ameriprise
Minnesota
-$11.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$1.33B -$11.9M -293,760 -0.9%
LPL Financial
2
LPL Financial
California
$735M +$86M +2,119,145 +13%
Bank of America
3
Bank of America
North Carolina
$542M -$35.7M -878,832 -6%
Ameriprise
4
Ameriprise
Minnesota
$371M -$11.7M -287,428 -3%
Wells Fargo
5
Wells Fargo
California
$352M +$1.1M +27,177 +0.3%
UBS Group
6
UBS Group
Switzerland
$339M +$2.29M +56,311 +0.7%
RJA
7
Raymond James & Associates
Florida
$257M +$16.2M +399,362 +6%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$248M -$3.8M -93,646 -1%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$185M +$20.2M +497,009 +12%
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$177M -$5.5M -135,460 -3%
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$155M -$2.24M -55,169 -1%
Osaic Holdings
12
Osaic Holdings
Arizona
$153M +$298K +7,346 +0.2%
Northwestern Mutual Wealth Management
13
Northwestern Mutual Wealth Management
Wisconsin
$145M +$7.24M +178,367 +5%
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$128M +$2.46M +60,516 +2%
Stifel Financial
15
Stifel Financial
Missouri
$115M -$1.08M -26,689 -0.9%
PAG
16
Private Advisor Group
New Jersey
$84.6M +$6.6M +162,511 +8%
Baird Financial Group
17
Baird Financial Group
Wisconsin
$83.8M -$1.17M -28,911 -1%
Truist Financial
18
Truist Financial
North Carolina
$64.3M +$1.58M +38,938 +2%
Cetera Investment Advisers
19
Cetera Investment Advisers
Illinois
$61.4M +$2.35M +57,858 +4%
KIG
20
Kowal Investment Group
Wisconsin
$51.6M +$3.9M +96,186 +8%
KAS
21
Kestra Advisory Services
Texas
$49.7M +$1.66M +40,937 +3%
AAS
22
Avantax Advisory Services
Texas
$48.8M -$290K -7,156 -0.6%
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$42.5M +$364K +8,971 +0.8%
TC
24
Trilogy Capital
California
$37.9M -$745K -18,349 -2%
HI
25
Harbour Investments
Wisconsin
$37.8M +$1.64M +40,384 +4%
1
2 3 4 5

FVD Hedge Fund Activity: Q3 2021 in Review

400 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in First Trust Value Line Dividend Fund (FVD) for Q3 2021, worth a combined $7.27B — down 0.26% from $7.29B a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new FVD positions and 22 closed out — a net gain of 4 holders — while 188 added to existing stakes and 112 trimmed.

The largest buyer was Legacy Capital Wealth Partners, adding an estimated $120M. The largest seller was Bank of America, cutting an estimated $35.7M.

  • 400 institutional investors held First Trust Value Line Dividend Fund (FVD) as of Q3 2021, down from 405 in Q2 2021.
  • Funds reported $7.27B of First Trust Value Line Dividend Fund stock for Q3 2021, down 0.26% quarter-over-quarter.
  • 26 funds opened new First Trust Value Line Dividend Fund positions in Q3 2021 and 22 closed out, a net change of +4 holders.
  • The largest First Trust Value Line Dividend Fund buyer in Q3 2021 was Legacy Capital Wealth Partners, an estimated $120M added.
  • The largest First Trust Value Line Dividend Fund seller in Q3 2021 was Bank of America, an estimated $35.7M sold.

Based on aggregated 13F filings for Q3 2021.