PKS Advisory Services LLC Invests $1.90 Million in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

PKS Advisory Services LLC bought a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, HoldingsChannel reports. The fund bought 47,143 shares of the exchange traded fund’s stock, valued at approximately $1,898,000.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in First Trust Morningstar Dividend Leaders Index by 7.8% in the 4th quarter. LPL Financial LLC now owns 9,111,719 shares of the exchange traded fund’s stock valued at $366,838,000 after purchasing an additional 656,768 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at $127,327,000. Rockport Wealth LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 19.6% in the fourth quarter. Rockport Wealth LLC now owns 1,951,507 shares of the exchange traded fund’s stock valued at $78,568,000 after buying an additional 319,857 shares during the last quarter. Csenge Advisory Group boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 0.8% during the fourth quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock worth $70,102,000 after buying an additional 13,574 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 71,997 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.5 %

NYSEARCA:FDL opened at $43.48 on Tuesday. First Trust Morningstar Dividend Leaders Index has a 12-month low of $36.31 and a 12-month high of $44.35. The stock’s 50 day simple moving average is $42.44 and its 200-day simple moving average is $41.99. The firm has a market cap of $5.24 billion, a P/E ratio of 17.05 and a beta of 0.87.

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.