Blue Trust Inc. Invests $46,000 in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Blue Trust Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,087 shares of the exchange traded fund’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pathway Financial Advisers LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index by 124.5% during the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the second quarter valued at about $38,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the third quarter valued at about $39,000. Strategic Financial Concepts LLC increased its position in First Trust Morningstar Dividend Leaders Index by 1,737.5% during the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after acquiring an additional 155,103 shares during the period. Finally, Palisade Asset Management LLC bought a new position in First Trust Morningstar Dividend Leaders Index during the first quarter worth about $81,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA:FDL opened at $41.85 on Friday. First Trust Morningstar Dividend Leaders Index has a 52 week low of $32.30 and a 52 week high of $42.70. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The firm’s 50-day simple moving average is $41.75 and its 200 day simple moving average is $39.72.

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.