Avidian Wealth Solutions LLC Grows Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Avidian Wealth Solutions LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 54,147 shares of the exchange traded fund’s stock after acquiring an additional 2,987 shares during the period. Avidian Wealth Solutions LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,943,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. CENTRAL TRUST Co acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $29,000. Whittier Trust Co. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth about $67,000. GAMMA Investing LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $93,000. Hexagon Capital Partners LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 21.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 5,593 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 1,000 shares during the last quarter. Finally, Everett Harris & Co. CA acquired a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter worth approximately $204,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.5 %

NYSEARCA FDL traded up $0.18 on Friday, hitting $37.67. 562,926 shares of the company’s stock traded hands, compared to its average volume of 818,151. The firm’s 50-day moving average price is $37.42 and its two-hundred day moving average price is $35.83. The firm has a market capitalization of $3.93 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1-year low of $31.47 and a 1-year high of $38.54.

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.