Stifel Financial Corp Raises Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Stifel Financial Corp boosted its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 0.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,015,831 shares of the exchange traded fund’s stock after purchasing an additional 1,213 shares during the period. Stifel Financial Corp’s holdings in First Trust Morningstar Dividend Leaders Index were worth $42,614,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its holdings in First Trust Morningstar Dividend Leaders Index by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 221,565 shares of the exchange traded fund’s stock worth $8,404,000 after acquiring an additional 2,615 shares during the period. Belpointe Asset Management LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index by 9.9% in the 2nd quarter. Belpointe Asset Management LLC now owns 17,388 shares of the exchange traded fund’s stock worth $660,000 after purchasing an additional 1,571 shares during the last quarter. Aptus Capital Advisors LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the 2nd quarter worth approximately $213,000. CWM LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 59.5% in the 3rd quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 6,865 shares during the period. Finally, Summit Financial LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the 2nd quarter valued at approximately $504,000.

First Trust Morningstar Dividend Leaders Index Stock Down 0.7 %

Shares of NYSEARCA:FDL opened at $42.69 on Friday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $34.67 and a fifty-two week high of $44.07. The company has a market cap of $4.45 billion, a PE ratio of 12.51 and a beta of 0.73. The company’s 50-day moving average price is $42.37 and its 200 day moving average price is $40.59.

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.