Independent Advisor Alliance Has $3.93 Million Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Independent Advisor Alliance lifted its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,669 shares of the exchange traded fund’s stock after acquiring an additional 3,279 shares during the quarter. Independent Advisor Alliance owned approximately 0.09% of First Trust Morningstar Dividend Leaders Index worth $3,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pathway Financial Advisers LLC lifted its position in First Trust Morningstar Dividend Leaders Index by 124.5% during the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index during the 2nd quarter worth about $38,000. Moisand Fitzgerald Tamayo LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth about $39,000. Blue Trust Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth about $46,000. Finally, Strategic Financial Concepts LLC lifted its position in First Trust Morningstar Dividend Leaders Index by 1,737.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after buying an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.7 %

Shares of NYSEARCA:FDL opened at $43.66 on Tuesday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1-year low of $33.83 and a 1-year high of $43.85. The business has a 50-day moving average price of $42.08 and a two-hundred day moving average price of $40.31.

First Trust Morningstar Dividend Leaders Index Profile

First Trust Morningstar Dividend Leaders Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the Morningstar Dividend Leaders Index (the Index). The Fund will invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the Index.