ROI Financial Advisors LLC Has $3 Million Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

ROI Financial Advisors LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,419 shares of the exchange traded fund’s stock after acquiring an additional 773 shares during the period. First Trust Morningstar Dividend Leaders Index accounts for 2.0% of ROI Financial Advisors LLC’s holdings, making the stock its 17th biggest position. ROI Financial Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,996,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FDL. FMR LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 67.8% during 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 during the period. Captrust Financial Advisors lifted its holdings in First Trust Morningstar Dividend Leaders Index by 56.1% during the 3rd quarter. Captrust Financial Advisors now owns 17,616 shares of the exchange traded fund’s stock worth $739,000 after purchasing an additional 6,329 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $325,000. Hilltop Holdings Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $553,000. Finally, Kovitz Investment Group Partners LLC bought a new position in First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth $567,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $39.45 on Friday. The firm has a 50-day moving average of $42.74 and a 200-day moving average of $42.06. First Trust Morningstar Dividend Leaders Index has a 52-week low of $36.31 and a 52-week high of $44.35. The stock has a market cap of $4.87 billion, a PE ratio of 17.19 and a beta of 0.77.

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.