LPL Financial LLC Raises Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

LPL Financial LLC increased its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,111,719 shares of the exchange traded fund’s stock after acquiring an additional 656,768 shares during the quarter. LPL Financial LLC owned approximately 8.74% of First Trust Morningstar Dividend Leaders Index worth $366,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDL. Raymond James Financial Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth $127,327,000. Rockport Wealth LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 19.6% during the fourth quarter. Rockport Wealth LLC now owns 1,951,507 shares of the exchange traded fund’s stock worth $78,568,000 after buying an additional 319,857 shares in the last quarter. Csenge Advisory Group grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 0.8% during the fourth quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock worth $70,102,000 after buying an additional 13,574 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 71,997 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock worth $23,381,000 after buying an additional 14,894 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Down 0.4 %

Shares of FDL opened at $43.26 on Monday. First Trust Morningstar Dividend Leaders Index has a 12-month low of $36.31 and a 12-month high of $44.35. The firm has a 50-day moving average price of $42.38 and a 200 day moving average price of $41.97. The firm has a market capitalization of $5.21 billion, a P/E ratio of 17.05 and a beta of 0.87.

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.