Synovus Financial Corp Raises Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Synovus Financial Corp raised its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 8.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,139 shares of the exchange traded fund’s stock after acquiring an additional 910 shares during the period. Synovus Financial Corp’s holdings in First Trust Morningstar Dividend Leaders Index were worth $449,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in shares of 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 buying an additional 656,768 shares during the period. Raymond James Financial Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at approximately $127,327,000. Wells Fargo & Company MN lifted its holdings in First Trust Morningstar Dividend Leaders Index by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,739,773 shares of the exchange traded fund’s stock valued at $110,303,000 after acquiring an additional 272,247 shares during the period. Rockport Wealth LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 19.6% in the 4th quarter. Rockport Wealth LLC now owns 1,951,507 shares of the exchange traded fund’s stock worth $78,568,000 after purchasing an additional 319,857 shares in the last quarter. Finally, Csenge Advisory Group grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 0.8% during the 4th quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock worth $70,102,000 after purchasing an additional 13,574 shares during the period.

First Trust Morningstar Dividend Leaders Index Price Performance

FDL opened at $40.06 on Friday. The firm has a fifty day moving average price of $42.23 and a 200 day moving average price of $41.87. First Trust Morningstar Dividend Leaders Index has a 1 year low of $36.50 and a 1 year high of $44.35. The stock has a market cap of $4.94 billion, a P/E 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.