Raymond James & Associates Has $46.19 Million Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Raymond James & Associates trimmed its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,287,403 shares of the exchange traded fund’s stock after selling 278,064 shares during the quarter. Raymond James & Associates owned approximately 1.02% of First Trust Morningstar Dividend Leaders Index worth $46,192,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 46.7% in the 4th quarter. Morgan Stanley now owns 9,497,868 shares of the exchange traded fund’s stock valued at $347,242,000 after purchasing an additional 3,024,149 shares during the period. JPMorgan Chase & Co. increased its position in First Trust Morningstar Dividend Leaders Index by 243.9% during the first quarter. JPMorgan Chase & Co. now owns 824,648 shares of the exchange traded fund’s stock worth $29,275,000 after buying an additional 584,857 shares during the last quarter. Truist Financial Corp raised its stake in First Trust Morningstar Dividend Leaders Index by 89.8% in the fourth quarter. Truist Financial Corp now owns 1,060,624 shares of the exchange traded fund’s stock valued at $38,776,000 after buying an additional 501,861 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 324.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 643,059 shares of the exchange traded fund’s stock valued at $23,510,000 after buying an additional 491,538 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $13,314,000.

First Trust Morningstar Dividend Leaders Index Trading Up 1.7 %

FDL stock opened at $38.19 on Thursday. First Trust Morningstar Dividend Leaders Index has a 1-year low of $31.47 and a 1-year high of $38.20. The business’s 50 day simple moving average is $36.67 and its 200 day simple moving average is $35.11. The firm has a market capitalization of $4.83 billion, a PE ratio of 12.39 and a beta of 0.86.

About First Trust Morningstar Dividend Leaders Index

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.