PFG Investments LLC Grows Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

PFG Investments LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,273 shares of the exchange traded fund’s stock after acquiring an additional 2,028 shares during the period. PFG Investments LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,581,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in First Trust Morningstar Dividend Leaders Index by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after purchasing an additional 71,997 shares during the last quarter. FMR LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 67.8% during the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock worth $968,000 after buying an additional 9,320 shares in the last quarter. CWM LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 59.5% in the 3rd quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock worth $772,000 after buying an additional 6,865 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 15.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 86,644 shares of the exchange traded fund’s stock valued at $3,286,000 after acquiring an additional 11,607 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the third quarter valued at approximately $46,000.

First Trust Morningstar Dividend Leaders Index Trading Up 1.8 %

FDL stock opened at $41.98 on Tuesday. The stock has a market cap of $4.38 billion, a P/E ratio of 12.51 and a beta of 0.73. The stock’s fifty day simple moving average is $41.42 and its two-hundred day simple moving average is $41.29. First Trust Morningstar Dividend Leaders Index has a 1-year low of $35.45 and a 1-year high of $44.07.

First Trust Morningstar Dividend Leaders Index Company 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.