Harbour Investments Inc. Buys 63,088 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Harbour Investments Inc. grew its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 23.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 327,921 shares of the exchange traded fund’s stock after purchasing an additional 63,088 shares during the period. Harbour Investments Inc. owned approximately 0.31% of First Trust Morningstar Dividend Leaders Index worth $13,202,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Freedom Investment Management Inc. raised its holdings in First Trust Morningstar Dividend Leaders Index by 4.2% in the third quarter. Freedom Investment Management Inc. now owns 6,074 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 245 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in First Trust Morningstar Dividend Leaders Index by 4.5% in the third quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock worth $246,000 after buying an additional 250 shares during the last quarter. Kovack Advisors Inc. raised its holdings in First Trust Morningstar Dividend Leaders Index by 1.9% in the fourth quarter. Kovack Advisors Inc. now owns 17,268 shares of the exchange traded fund’s stock worth $695,000 after buying an additional 327 shares during the last quarter. Flynn Zito Capital Management LLC raised its holdings in First Trust Morningstar Dividend Leaders Index by 1.2% in the fourth quarter. Flynn Zito Capital Management LLC now owns 27,551 shares of the exchange traded fund’s stock worth $1,109,000 after buying an additional 331 shares during the last quarter. Finally, KMG Fiduciary Partners LLC raised its holdings in First Trust Morningstar Dividend Leaders Index by 1.4% in the fourth quarter. KMG Fiduciary Partners LLC now owns 24,417 shares of the exchange traded fund’s stock worth $983,000 after buying an additional 335 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $43.06 on Friday. The stock has a market capitalization of $5.19 billion, a PE ratio of 17.05 and a beta of 0.87. First Trust Morningstar Dividend Leaders Index has a 52-week low of $36.31 and a 52-week high of $44.35. The company has a 50-day simple moving average of $42.04 and a two-hundred day simple moving average of $41.90.

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.