Wetzel Investment Advisors Inc. Makes New $4.07 Million Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Wetzel Investment Advisors Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,293 shares of the exchange traded fund’s stock, valued at approximately $4,065,000. First Trust Morningstar Dividend Leaders Index comprises 2.5% of Wetzel Investment Advisors Inc.’s holdings, making the stock its 7th biggest position. Wetzel Investment Advisors Inc. owned about 0.09% of First Trust Morningstar Dividend Leaders Index at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new position in First Trust Morningstar Dividend Leaders Index during the third quarter worth $29,000. Tower Research Capital LLC TRC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 541.0% during the first quarter. Tower Research Capital LLC TRC now owns 859 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 725 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in First Trust Morningstar Dividend Leaders Index during the second quarter valued at about $50,000. Whittier Trust Co. bought a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter valued at about $67,000. Finally, Fortis Capital Advisors LLC bought a new stake in First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at about $91,000.

First Trust Morningstar Dividend Leaders Index Stock Up 1.7 %

FDL stock traded up $0.63 during mid-day trading on Friday, reaching $37.25. 1,623,201 shares of the stock traded hands, compared to its average volume of 823,478. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $38.54. The business has a 50-day moving average of $37.18 and a two-hundred day moving average of $35.50. The firm has a market capitalization of $3.93 billion, a PE ratio of 12.41 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.