Morey & Quinn Wealth Partners LLC Makes New Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Morey & Quinn Wealth Partners LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,363 shares of the exchange traded fund’s stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FDL. Kingsview Wealth Management LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 2.0% in the third quarter. Kingsview Wealth Management LLC now owns 37,991 shares of the exchange traded fund’s stock valued at $1,594,000 after buying an additional 739 shares in the last quarter. Independent Advisor Alliance grew its position in shares of First Trust Morningstar Dividend Leaders Index by 3.6% in the 3rd quarter. Independent Advisor Alliance now owns 93,669 shares of the exchange traded fund’s stock valued at $3,929,000 after acquiring an additional 3,279 shares during the period. Summit Financial Wealth Advisors LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.9% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 208,142 shares of the exchange traded fund’s stock worth $8,732,000 after purchasing an additional 3,934 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 9.1% during the 3rd quarter. D.A. Davidson & CO. now owns 241,782 shares of the exchange traded fund’s stock worth $10,143,000 after purchasing an additional 20,217 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 67.8% in the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock valued at $968,000 after purchasing an additional 9,320 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

First Trust Morningstar Dividend Leaders Index stock opened at $43.13 on Wednesday. The stock has a 50-day simple moving average of $42.50 and a 200 day simple moving average of $42.00. The stock has a market capitalization of $5.20 billion, a P/E ratio of 17.05 and a beta of 0.87. First Trust Morningstar Dividend Leaders Index has a 52 week low of $36.31 and a 52 week high of $44.35.

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.