RPS Advisory Solutions LLC Takes $1.97 Million Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

RPS Advisory Solutions LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 48,920 shares of the exchange traded fund’s stock, valued at approximately $1,970,000. First Trust Morningstar Dividend Leaders Index accounts for 1.2% of RPS Advisory Solutions LLC’s investment portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter valued at about $46,000. Synergy Asset Management LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at about $46,000. Valley National Advisers Inc. grew its position in First Trust Morningstar Dividend Leaders Index by 339.2% during the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock valued at $105,000 after acquiring an additional 1,957 shares during the period. Assetmark Inc. grew its position in First Trust Morningstar Dividend Leaders Index by 14.4% during the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after acquiring an additional 382 shares during the period. Finally, Crews Bank & Trust purchased a new stake in First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at about $143,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.4 %

FDL stock opened at $43.30 on Friday. The stock has a 50-day moving average price of $41.12 and a two-hundred day moving average price of $41.54. First Trust Morningstar Dividend Leaders Index has a 12-month low of $36.17 and a 12-month high of $44.07. The company has a market cap of $4.52 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.