Bennett Associates Wealth Management Purchases 4,601 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Bennett Associates Wealth Management raised its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,673 shares of the exchange traded fund’s stock after acquiring an additional 4,601 shares during the quarter. First Trust Morningstar Dividend Leaders Index makes up approximately 3.2% of Bennett Associates Wealth Management’s holdings, making the stock its 11th biggest position. Bennett Associates Wealth Management owned approximately 0.09% of First Trust Morningstar Dividend Leaders Index worth $3,852,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in First Trust Morningstar Dividend Leaders Index by 7.6% in 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 in the last quarter. FMR LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 67.8% during the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock worth $968,000 after purchasing an additional 9,320 shares during the last quarter. CWM LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 59.5% in the 3rd quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock valued at $772,000 after purchasing an additional 6,865 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in First Trust Morningstar Dividend Leaders Index by 15.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 86,644 shares of the exchange traded fund’s stock valued at $3,286,000 after purchasing an additional 11,607 shares during the last quarter. Finally, Blue Trust Inc. bought a new position in First Trust Morningstar Dividend Leaders Index during the third quarter worth about $46,000.

First Trust Morningstar Dividend Leaders Index Stock Up 0.6 %

FDL opened at $40.86 on Friday. The business has a 50 day moving average of $41.55 and a 200-day moving average of $41.08. First Trust Morningstar Dividend Leaders Index has a 12-month low of $35.03 and a 12-month high of $44.07. The stock has a market cap of $4.26 billion, a price-to-earnings 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.