MML Investors Services LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 13.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 370,359 shares of the exchange traded fund’s stock after buying an additional 43,416 shares during the period. MML Investors Services LLC owned approximately 0.68% of First Trust Morningstar Dividend Leaders Index worth $11,348,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in FDL. Coastal Investment Advisors Inc. boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 14.1% in the second quarter. Coastal Investment Advisors Inc. now owns 3,019 shares of the exchange traded fund’s stock valued at $93,000 after acquiring an additional 372 shares in the last quarter. Signaturefd LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 31.5% during the 2nd quarter. Signaturefd LLC now owns 4,147 shares of the exchange traded fund’s stock valued at $127,000 after purchasing an additional 994 shares in the last quarter. FMR LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 453,200.0% during the 1st quarter. FMR LLC now owns 4,533 shares of the exchange traded fund’s stock valued at $137,000 after purchasing an additional 4,532 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index by 240.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,679 shares of the exchange traded fund’s stock valued at $141,000 after purchasing an additional 3,303 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the 2nd quarter valued at $253,000.

Shares of FDL traded up $0.18 during midday trading on Wednesday, reaching $31.44. The stock had a trading volume of 2,466 shares, compared to its average volume of 185,102. The firm’s 50 day moving average price is $30.17 and its 200-day moving average price is $30.21. First Trust Morningstar Dividend Leaders Index has a 52 week low of $25.76 and a 52 week high of $31.38.

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.

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Institutional Ownership by Quarter for First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

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