Creative Financial Designs Inc. ADV Purchases 23,191 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Creative Financial Designs Inc. ADV grew its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 173.3% in the fourth quarter, Holdings Channel reports. The fund owned 36,573 shares of the exchange traded fund’s stock after acquiring an additional 23,191 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Rockport Wealth LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index by 19.6% during the 4th quarter. Rockport Wealth LLC now owns 1,951,507 shares of the exchange traded fund’s stock valued at $78,568,000 after acquiring an additional 319,857 shares during the period. WealthTrust Asset Management LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index by 6.6% during the 4th quarter. WealthTrust Asset Management LLC now owns 9,497 shares of the exchange traded fund’s stock valued at $382,000 after acquiring an additional 590 shares during the period. Collaborative Wealth Managment Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 0.8% during the 4th quarter. Collaborative Wealth Managment Inc. now owns 57,714 shares of the exchange traded fund’s stock valued at $2,324,000 after acquiring an additional 435 shares during the period. Harbour Investments Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 23.8% during the 4th quarter. Harbour Investments Inc. now owns 327,921 shares of the exchange traded fund’s stock valued at $13,202,000 after acquiring an additional 63,088 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 6.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 117,424 shares of the exchange traded fund’s stock valued at $4,727,000 after acquiring an additional 7,111 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Up 1.1 %

First Trust Morningstar Dividend Leaders Index stock opened at $43.53 on Tuesday. The firm has a 50 day moving average price of $42.11 and a 200-day moving average price of $41.92. The company has a market capitalization of $5.25 billion, a P/E ratio of 17.05 and a beta of 0.87. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.31 and a twelve month high of $44.35.

First Trust Morningstar Dividend Leaders Index 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.