First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) is Rockport Wealth LLC’s Largest Position

Rockport Wealth LLC lifted its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 19.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,951,507 shares of the exchange traded fund’s stock after purchasing an additional 319,857 shares during the period. First Trust Morningstar Dividend Leaders Index accounts for approximately 35.1% of Rockport Wealth LLC’s holdings, making the stock its largest position. Rockport Wealth LLC owned about 1.87% of First Trust Morningstar Dividend Leaders Index worth $78,568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $31,000. Synergy Asset Management LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $46,000. Blue Trust Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 84.0% in the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after purchasing an additional 913 shares in the last quarter. Finally, Pillar Financial Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $106,000.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA:FDL opened at $43.06 on Monday. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 17.05 and a beta of 0.87. First Trust Morningstar Dividend Leaders Index has a one year low of $36.31 and a one year high of $44.35. The business has a fifty day moving average price of $42.04 and a 200-day moving average price of $41.90.

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.