Vestmark Advisory Solutions Inc. Raises Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Vestmark Advisory Solutions Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,911 shares of the exchange traded fund’s stock after acquiring an additional 1,271 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Analysts LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 30.4% in the 4th quarter. Capital Analysts LLC now owns 14,939 shares of the exchange traded fund’s stock valued at $536,000 after acquiring an additional 3,484 shares during the period. Cedrus LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.7% during the fourth quarter. Cedrus LLC now owns 59,459 shares of the exchange traded fund’s stock worth $2,133,000 after buying an additional 4,241 shares during the period. IFP Advisors Inc grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 94.0% during the fourth quarter. IFP Advisors Inc now owns 53,215 shares of the exchange traded fund’s stock worth $1,909,000 after buying an additional 25,783 shares during the last quarter. CoreCap Advisors LLC acquired a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at about $767,000. Finally, Priebe Wealth Holdings LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at approximately $669,000.

First Trust Morningstar Dividend Leaders Index Stock Up 0.5 %

NYSEARCA FDL traded up $0.18 during trading hours on Friday, hitting $37.67. 562,926 shares of the stock were exchanged, compared to its average volume of 818,151. First Trust Morningstar Dividend Leaders Index has a 12-month low of $31.47 and a 12-month high of $38.54. The stock has a 50-day moving average of $37.42 and a 200 day moving average of $35.83. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

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.