Arete Wealth Advisors LLC bought a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,408 shares of the exchange traded fund’s stock, valued at approximately $582,000.
A number of other large investors have also modified their holdings of the company. LPL Financial LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 33.8% in the first quarter. LPL Financial LLC now owns 10,559,035 shares of the exchange traded fund’s stock valued at $374,846,000 after purchasing an additional 2,666,120 shares in the last quarter. Morgan Stanley raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 46.7% in the fourth quarter. Morgan Stanley now owns 9,497,868 shares of the exchange traded fund’s stock valued at $347,242,000 after purchasing an additional 3,024,149 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 19.0% in the first quarter. Ameriprise Financial Inc. now owns 6,049,795 shares of the exchange traded fund’s stock valued at $214,698,000 after purchasing an additional 964,298 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 73.9% in the fourth quarter. Wells Fargo & Company MN now owns 6,041,685 shares of the exchange traded fund’s stock valued at $220,884,000 after purchasing an additional 2,567,604 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.5% in the first quarter. Bank of America Corp DE now owns 3,053,537 shares of the exchange traded fund’s stock valued at $108,401,000 after purchasing an additional 46,184 shares in the last quarter.
First Trust Morningstar Dividend Leaders Index Price Performance
Shares of NYSEARCA:FDL opened at $34.91 on Friday. The business’s fifty day moving average price is $34.85 and its two-hundred day moving average price is $34.79. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $32.10 and a fifty-two week high of $38.33. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 12.39 and a beta of 0.86.
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.
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