First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Stake Lifted by Lion Street Advisors LLC

Lion Street Advisors LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,190 shares of the exchange traded fund’s stock after acquiring an additional 1,132 shares during the quarter. Lion Street Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $893,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.1% in the 2nd quarter. Creative Planning now owns 29,159 shares of the exchange traded fund’s stock worth $1,106,000 after buying an additional 328 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in First Trust Morningstar Dividend Leaders Index in the second quarter worth about $1,528,000. Brookstone Capital Management bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth approximately $215,000. Daymark Wealth Partners LLC lifted its stake in First Trust Morningstar Dividend Leaders Index by 2.7% during the third quarter. Daymark Wealth Partners LLC now owns 24,067 shares of the exchange traded fund’s stock valued at $1,010,000 after purchasing an additional 644 shares during the last quarter. Finally, CWM LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 59.5% during 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 in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of NYSEARCA:FDL opened at $41.66 on Wednesday. The company has a market capitalization of $4.35 billion, a PE ratio of 12.51 and a beta of 0.73. The stock has a fifty day moving average of $41.25 and a 200-day moving average of $41.37. First Trust Morningstar Dividend Leaders Index has a one year low of $35.45 and a one year high of $44.07.

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.