Private Advisor Group LLC Has $20.41 Million Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Private Advisor Group LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 507,023 shares of the exchange traded fund’s stock after purchasing an additional 34,166 shares during the period. Private Advisor Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $20,413,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 7.2% during the 3rd quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after acquiring an additional 566,772 shares during the period. International Assets Investment Management LLC lifted its stake in First Trust Morningstar Dividend Leaders Index by 4,114.5% during the third quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock worth $228,746,000 after purchasing an additional 5,323,451 shares during the last quarter. Csenge Advisory Group boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 0.8% in the 4th quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock valued at $70,102,000 after purchasing an additional 13,574 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.6% in 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 purchasing an additional 71,997 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock worth $23,381,000 after buying an additional 14,894 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 0.7 %

Shares of FDL stock opened at $43.11 on Thursday. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.17 and a twelve month high of $44.07. The business has a fifty day simple moving average of $41.09 and a 200 day simple moving average of $41.52. The company has a market cap of $4.50 billion, a P/E 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.