Arete Wealth Advisors LLC Raises Stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Arete Wealth Advisors LLC boosted its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 42.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 42,847 shares of the exchange traded fund’s stock after purchasing an additional 12,800 shares during the period. Arete Wealth Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,791,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 124.5% in the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 2nd quarter worth approximately $38,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth approximately $39,000. Blue Trust Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth approximately $46,000. Finally, Strategic Financial Concepts LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 1,737.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.2 %

First Trust Morningstar Dividend Leaders Index stock opened at $43.95 on Friday. First Trust Morningstar Dividend Leaders Index has a 12 month low of $34.25 and a 12 month high of $44.07. The stock’s 50 day simple moving average is $42.25 and its two-hundred day simple moving average is $40.44. The firm has a market cap of $4.58 billion, a PE ratio of 12.51 and a beta of 0.73.

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.