Manchester Financial Inc. Buys 35,208 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Manchester Financial Inc. boosted its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 20.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 205,243 shares of the exchange traded fund’s stock after purchasing an additional 35,208 shares during the quarter. First Trust Morningstar Dividend Leaders Index comprises approximately 1.8% of Manchester Financial Inc.’s investment portfolio, making the stock its 10th biggest holding. Manchester Financial Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $8,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 33.6% in the 4th quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock worth $135,000 after buying an additional 852 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in First Trust Morningstar Dividend Leaders Index by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after acquiring an additional 71,997 shares during the period. FMR LLC raised its position in First Trust Morningstar Dividend Leaders Index by 67.8% in the third 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 in the last quarter. CWM LLC raised 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. acquired a new stake in First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $46,000.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL opened at $42.58 on Friday. The firm’s 50 day moving average is $41.06 and its 200-day moving average is $41.45. First Trust Morningstar Dividend Leaders Index has a 12-month low of $35.70 and a 12-month high of $44.07. The stock has a market capitalization of $4.44 billion, a P/E ratio of 12.51 and a beta of 0.73.

First Trust Morningstar Dividend Leaders Index Company 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.