Royal Bank of Canada Purchases 301,639 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Royal Bank of Canada lifted its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 18.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,967,996 shares of the exchange traded fund’s stock after purchasing an additional 301,639 shares during the period. Royal Bank of Canada owned 1.89% of First Trust Morningstar Dividend Leaders Index worth $79,231,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mascoma Wealth Management LLC bought a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $31,000. Synergy Asset Management LLC bought a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $46,000. Blue Trust Inc. raised its position in First Trust Morningstar Dividend Leaders Index by 84.0% in the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after acquiring an additional 913 shares during the period. Finally, Pillar Financial Advisors LLC bought a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $106,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of FDL stock opened at $42.18 on Tuesday. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 15.19 and a beta of 0.75. First Trust Morningstar Dividend Leaders Index has a 52 week low of $37.29 and a 52 week high of $44.35. The firm’s 50-day simple moving average is $41.32 and its two-hundred day simple moving average is $41.73.

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.