BCS Wealth Management Acquires New Shares in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

BCS Wealth Management bought a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,501 shares of the exchange traded fund’s stock, valued at approximately $221,000.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 7.2% during the 3rd quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock valued at $354,685,000 after acquiring an additional 566,772 shares during the last quarter. International Assets Investment Management LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 4,114.5% during the third quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock worth $228,746,000 after purchasing an additional 5,323,451 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Morningstar Dividend Leaders Index by 3.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,447,886 shares of the exchange traded fund’s stock valued at $54,918,000 after purchasing an additional 52,303 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in First Trust Morningstar Dividend Leaders Index by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after purchasing an additional 71,997 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 0.5% in the third quarter. Janney Montgomery Scott LLC now owns 565,850 shares of the exchange traded fund’s stock valued at $23,737,000 after purchasing an additional 3,032 shares during the period.

First Trust Morningstar Dividend Leaders Index Trading Up 0.7 %

NYSEARCA FDL opened at $40.33 on Wednesday. First Trust Morningstar Dividend Leaders Index has a 1 year low of $35.03 and a 1 year high of $44.07. The company has a fifty day simple moving average of $41.67 and a 200 day simple moving average of $41.07. The company has a market cap of $4.21 billion, a P/E ratio of 12.51 and a beta of 0.73.

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.