Manchester Financial Inc. Buys 35,208 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Manchester Financial Inc. raised its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 20.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 205,243 shares of the exchange traded fund’s stock after acquiring an additional 35,208 shares during the quarter. First Trust Morningstar Dividend Leaders Index makes up 1.8% of Manchester Financial Inc.’s portfolio, making the stock its 10th biggest holding. Manchester Financial Inc. owned approximately 0.20% of First Trust Morningstar Dividend Leaders Index worth $8,263,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. grew its stake in First Trust Morningstar Dividend Leaders Index by 33.6% in the 4th quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock worth $135,000 after acquiring an additional 852 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of 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 grew its position in shares of First Trust Morningstar Dividend Leaders Index by 67.8% in the third quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock valued at $968,000 after purchasing an additional 9,320 shares during the period. CWM LLC increased its stake in First Trust Morningstar Dividend Leaders Index by 59.5% in the third quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock valued at $772,000 after purchasing an additional 6,865 shares during the last quarter. Finally, Blue Trust Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index during the third quarter worth about $46,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.8 %

Shares of NYSEARCA:FDL opened at $42.58 on Friday. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The stock’s 50-day moving average price is $41.06 and its two-hundred day moving average price is $41.45. First Trust Morningstar Dividend Leaders Index has a 12-month low of $35.70 and a 12-month high of $44.07.

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.