Gladstone Institutional Advisory LLC Boosts Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Gladstone Institutional Advisory LLC raised its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,962 shares of the exchange traded fund’s stock after purchasing an additional 523 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,488,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC increased its position in First Trust Morningstar Dividend Leaders Index by 4,114.5% during the 3rd quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock worth $228,746,000 after purchasing an additional 5,323,451 shares during the period. LPL Financial LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 7.2% during the third quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after buying an additional 566,772 shares in the last quarter. Strategic Financial Concepts LLC grew its position in First Trust Morningstar Dividend Leaders Index by 4,323.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 233,968 shares of the exchange traded fund’s stock worth $9,420,000 after buying an additional 228,679 shares during the period. McAdam LLC purchased a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at about $7,729,000. Finally, Retireful LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at approximately $4,872,000.

First Trust Morningstar Dividend Leaders Index Price Performance

FDL opened at $42.58 on Friday. First Trust Morningstar Dividend Leaders Index has a 1-year low of $35.70 and a 1-year high of $44.07. The stock has a market cap of $4.44 billion, a P/E ratio of 12.51 and a beta of 0.73. The stock’s 50 day simple moving average is $41.06 and its 200 day simple moving average is $41.45.

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.