Everett Harris & Co. CA Makes New Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Everett Harris & Co. CA bought a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 5,694 shares of the exchange traded fund’s stock, valued at approximately $204,000.

A number of other hedge funds also recently added to or reduced their stakes in FDL. CENTRAL TRUST Co acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $29,000. Tower Research Capital LLC TRC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 541.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 859 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 725 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 2nd quarter valued at $50,000. Whittier Trust Co. acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $67,000. Finally, Fortis Capital Advisors LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth $91,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.6 %

NYSEARCA:FDL traded up $0.24 during midday trading on Thursday, hitting $38.44. 606,511 shares of the company were exchanged, compared to its average volume of 824,767. The company has a fifty day simple moving average of $36.67 and a 200 day simple moving average of $35.11. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $31.47 and a fifty-two week high of $38.54. The company has a market capitalization of $4.86 billion, a PE ratio of 12.39 and a beta of 0.86.

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.