Mascoma Wealth Management LLC Makes New $28,000 Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Mascoma Wealth Management LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 691 shares of the exchange traded fund’s stock, valued at approximately $28,000.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth $31,000. Synergy Asset Management LLC bought a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at about $46,000. Blue Trust Inc. boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 84.0% during the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock valued at $81,000 after purchasing an additional 913 shares in the last quarter. Pillar Financial Advisors LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $106,000. Finally, Assetmark Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after buying an additional 382 shares during the period.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of NYSEARCA FDL opened at $42.58 on Friday. The company has a 50 day simple moving average of $41.95 and a 200 day simple moving average of $41.88. First Trust Morningstar Dividend Leaders Index has a 1 year low of $36.31 and a 1 year high of $44.35. The firm has a market cap of $4.86 billion, a PE ratio of 19.12 and a beta of 0.90.

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.