Founders Grove Wealth Partners LLC Invests $3.14 Million in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Founders Grove Wealth Partners LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 78,011 shares of the exchange traded fund’s stock, valued at approximately $3,141,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. LPL Financial LLC raised its stake in First Trust Morningstar Dividend Leaders Index by 7.2% during the third quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after acquiring an additional 566,772 shares during the period. International Assets Investment Management LLC raised its stake 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 acquiring an additional 5,323,451 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 worth $54,918,000 after acquiring an additional 52,303 shares during the period. JPMorgan Chase & Co. raised its stake 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 worth $42,667,000 after acquiring an additional 71,997 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in First Trust Morningstar Dividend Leaders Index by 0.5% during the third quarter. Janney Montgomery Scott LLC now owns 565,850 shares of the exchange traded fund’s stock worth $23,737,000 after acquiring an additional 3,032 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Up 0.7 %

FDL opened at $40.33 on Wednesday. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $35.03 and a fifty-two week high of $44.07. The company’s 50-day moving average price is $41.63 and its 200 day moving average price is $41.09.

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.