Beacon Financial Group Increases Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Beacon Financial Group grew its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 533,217 shares of the exchange traded fund’s stock after acquiring an additional 4,083 shares during the quarter. First Trust Morningstar Dividend Leaders Index comprises 2.3% of Beacon Financial Group’s holdings, making the stock its 6th largest holding. Beacon Financial Group owned 0.51% of First Trust Morningstar Dividend Leaders Index worth $21,467,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Stephens Inc. AR increased its holdings in First Trust Morningstar Dividend Leaders Index by 9.6% during the 4th quarter. Stephens Inc. AR now owns 549,604 shares of the exchange traded fund’s stock worth $22,127,000 after purchasing an additional 48,174 shares in the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 3.6% during the fourth quarter. Moloney Securities Asset Management LLC now owns 31,637 shares of the exchange traded fund’s stock valued at $1,274,000 after buying an additional 1,098 shares during the last quarter. Hobart Private Capital LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 16.4% during the fourth quarter. Hobart Private Capital LLC now owns 189,904 shares of the exchange traded fund’s stock valued at $7,646,000 after buying an additional 26,819 shares during the last quarter. Santori & Peters Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 2.4% during the fourth quarter. Santori & Peters Inc. now owns 33,650 shares of the exchange traded fund’s stock worth $1,355,000 after buying an additional 789 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in First Trust Morningstar Dividend Leaders Index by 11.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 42,422 shares of the exchange traded fund’s stock valued at $1,708,000 after buying an additional 4,431 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.7 %

Shares of NYSEARCA:FDL opened at $42.17 on Wednesday. The stock has a market cap of $4.40 billion, a PE ratio of 12.51 and a beta of 0.73. The stock’s fifty day simple moving average is $41.08 and its two-hundred day simple moving average is $41.44. 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 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.