Private Advisor Group LLC Has $20.41 Million Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Private Advisor Group LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 507,023 shares of the exchange traded fund’s stock after purchasing an additional 34,166 shares during the period. Private Advisor Group LLC owned 0.49% of First Trust Morningstar Dividend Leaders Index worth $20,413,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $46,000. Synergy Asset Management LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $46,000. Valley National Advisers Inc. raised its stake in First Trust Morningstar Dividend Leaders Index by 339.2% in the 3rd quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock valued at $105,000 after acquiring an additional 1,957 shares during the period. Assetmark Inc. raised its position in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 382 shares during the period. Finally, Crews Bank & Trust acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth about $143,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of FDL opened at $43.11 on Thursday. The firm has a market cap of $4.50 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52 week low of $36.17 and a 52 week high of $44.07. The firm’s 50-day simple moving average is $41.09 and its 200 day simple moving average is $41.52.

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.