Sykon Capital LLC Invests $313,000 in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Sykon Capital LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,717 shares of the exchange traded fund’s stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDL. International Assets Investment Management LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 4,153.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,647,283 shares of the exchange traded fund’s stock valued at $166,745,000 after purchasing an additional 4,538,031 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in First Trust Morningstar Dividend Leaders Index by 6.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,565,995 shares of the exchange traded fund’s stock valued at $85,829,000 after purchasing an additional 163,492 shares during the last quarter. Csenge Advisory Group increased its holdings in First Trust Morningstar Dividend Leaders Index by 3.7% in the 3rd quarter. Csenge Advisory Group now owns 1,550,537 shares of the exchange traded fund’s stock valued at $51,850,000 after purchasing an additional 54,833 shares during the last quarter. Kowal Investment Group LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 5.6% in the 3rd quarter. Kowal Investment Group LLC now owns 1,080,205 shares of the exchange traded fund’s stock valued at $36,122,000 after purchasing an additional 57,179 shares during the last quarter. Finally, TRUE Private Wealth Advisors increased its holdings in First Trust Morningstar Dividend Leaders Index by 8.5% in the 4th quarter. TRUE Private Wealth Advisors now owns 968,116 shares of the exchange traded fund’s stock valued at $34,736,000 after purchasing an additional 75,840 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.5 %

First Trust Morningstar Dividend Leaders Index stock traded up $0.18 during trading on Friday, hitting $37.67. The company had a trading volume of 562,926 shares, compared to its average volume of 818,151. First Trust Morningstar Dividend Leaders Index has a 1-year low of $31.47 and a 1-year high of $38.54. The company’s 50 day simple moving average is $37.42 and its 200-day simple moving average is $35.83. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

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.