D.A. Davidson & CO. Purchases 141,525 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

D.A. Davidson & CO. boosted its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 58.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 383,307 shares of the exchange traded fund’s stock after acquiring an additional 141,525 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $15,432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position 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 valued at $354,685,000 after purchasing an additional 566,772 shares during the period. International Assets Investment Management LLC raised its position in First Trust Morningstar Dividend Leaders Index by 4,114.5% during the third quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock valued at $228,746,000 after purchasing an additional 5,323,451 shares during the period. Csenge Advisory Group raised its position in First Trust Morningstar Dividend Leaders Index by 0.8% during the fourth quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock valued at $70,102,000 after purchasing an additional 13,574 shares during the period. JPMorgan Chase & Co. raised its position in First Trust Morningstar Dividend Leaders Index by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after purchasing an additional 71,997 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in First Trust Morningstar Dividend Leaders Index by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock valued at $23,381,000 after purchasing an additional 14,894 shares during the period.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL stock opened at $42.82 on Wednesday. First Trust Morningstar Dividend Leaders Index has a 1 year low of $36.17 and a 1 year high of $44.07. The stock’s 50 day simple moving average is $41.07 and its two-hundred day simple moving average is $41.51. The company has a market cap of $4.47 billion, a PE ratio of 12.51 and a beta of 0.73.

First Trust Morningstar Dividend Leaders Index 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.