Raleigh Capital Management Inc. grew its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL – Free Report) by 21.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,527 shares of the exchange traded fund’s stock after purchasing an additional 634 shares during the quarter. Raleigh Capital Management Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of FDL. Tower Research Capital LLC TRC grew its stake in First Trust Morningstar Dividend Leaders Index by 541.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 859 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 725 shares during the last quarter. Heritage Wealth Management LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 1,454 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 727 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $57,000. Tradition Wealth Management LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 27.6% in the 1st quarter. Tradition Wealth Management LLC now owns 1,737 shares of the exchange traded fund’s stock valued at $62,000 after purchasing an additional 376 shares during the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $91,000.
First Trust Morningstar Dividend Leaders Index Stock Up 1.2 %
Shares of NYSEARCA:FDL opened at $35.15 on Friday. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 12.39 and a beta of 0.86. The firm’s 50-day simple moving average is $34.83 and its 200-day simple moving average is $34.80. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $32.10 and a fifty-two week high of $38.33.
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.
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