Concurrent Investment Advisors LLC Grows Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Concurrent Investment Advisors LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 12.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 120,278 shares of the exchange traded fund’s stock after buying an additional 13,068 shares during the period. Concurrent Investment Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $4,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at about $46,000. Synergy Asset Management LLC purchased a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at approximately $46,000. Valley National Advisers Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 339.2% during the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock valued at $105,000 after purchasing an additional 1,957 shares in the last quarter. Assetmark Inc. boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after purchasing an additional 382 shares during the period. Finally, Crews Bank & Trust purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter worth $143,000.

First Trust Morningstar Dividend Leaders Index Stock Up 0.4 %

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $43.30 on Friday. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The stock’s 50-day simple moving average is $41.12 and its 200-day simple moving average is $41.54. First Trust Morningstar Dividend Leaders Index has a 52 week low of $36.17 and a 52 week high of $44.07.

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.