First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Position Increased by Beacon Financial Group

Beacon Financial Group lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,217 shares of the exchange traded fund’s stock after purchasing an additional 4,083 shares during the quarter. First Trust Morningstar Dividend Leaders Index accounts for approximately 2.3% of Beacon Financial Group’s portfolio, making the stock its 6th largest position. Beacon Financial Group’s holdings in First Trust Morningstar Dividend Leaders Index were worth $21,467,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. lifted its position in First Trust Morningstar Dividend Leaders Index by 33.6% during the fourth quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock valued at $135,000 after purchasing an additional 852 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of First Trust Morningstar Dividend Leaders Index by 7.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after buying an additional 71,997 shares in the last quarter. FMR LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 67.8% during the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock worth $968,000 after acquiring an additional 9,320 shares during the last quarter. CWM LLC grew its position in First Trust Morningstar Dividend Leaders Index by 59.5% in the third quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock worth $772,000 after acquiring an additional 6,865 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in First Trust Morningstar Dividend Leaders Index in the third quarter valued at $46,000.

First Trust Morningstar Dividend Leaders Index Stock Up 0.7 %

NYSEARCA FDL opened at $42.17 on Wednesday. The stock’s 50-day simple moving average is $41.08 and its two-hundred day simple moving average is $41.44. First Trust Morningstar Dividend Leaders Index has a twelve month low of $35.45 and a twelve month high of $44.07. The company has a market capitalization of $4.40 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.