CFS Investment Advisory Services LLC Acquires Shares of 84,927 First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

CFS Investment Advisory Services LLC acquired a new position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 84,927 shares of the exchange traded fund’s stock, valued at approximately $3,563,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pathway Financial Advisers LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 124.5% during the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index during the 2nd quarter worth approximately $38,000. Moisand Fitzgerald Tamayo LLC bought a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $39,000. Blue Trust Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth $46,000. Finally, Strategic Financial Concepts LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 1,737.5% in the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after buying an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 1.2 %

Shares of NYSEARCA FDL opened at $42.83 on Friday. The firm has a market capitalization of $4.47 billion, a P/E ratio of 12.51 and a beta of 0.73. The stock’s 50-day simple moving average is $42.01 and its two-hundred day simple moving average is $40.21. First Trust Morningstar Dividend Leaders Index has a twelve month low of $33.73 and a twelve month high of $42.96.

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.