World Investment Advisors LLC Takes $754,000 Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

World Investment Advisors LLC purchased a new position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,964 shares of the exchange traded fund’s stock, valued at approximately $754,000.

Several other institutional investors have also made changes to their positions in the stock. D.A. Davidson & CO. grew its stake in First Trust Morningstar Dividend Leaders Index by 1.2% in the second quarter. D.A. Davidson & CO. now owns 221,565 shares of the exchange traded fund’s stock valued at $8,404,000 after purchasing an additional 2,615 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 9.9% in the 2nd quarter. Belpointe Asset Management LLC now owns 17,388 shares of the exchange traded fund’s stock valued at $660,000 after buying an additional 1,571 shares in the last quarter. Aptus Capital Advisors LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 2nd quarter valued at approximately $213,000. CWM LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 59.5% in the third quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock worth $772,000 after buying an additional 6,865 shares during the last quarter. Finally, Summit Financial LLC bought a new position in First Trust Morningstar Dividend Leaders Index during the second quarter valued at approximately $504,000.

First Trust Morningstar Dividend Leaders Index Stock Down 1.2 %

FDL stock opened at $40.88 on Tuesday. First Trust Morningstar Dividend Leaders Index has a 12 month low of $35.03 and a 12 month high of $44.07. The firm has a 50 day moving average of $42.38 and a two-hundred day moving average of $40.77. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

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.