First Merchants Corp Makes New Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

First Merchants Corp purchased a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,889 shares of the exchange traded fund’s stock, valued at approximately $277,000.

A number of other large investors also recently modified their holdings of FDL. Blue Trust Inc. acquired a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter valued at $46,000. Synergy Asset Management LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth about $46,000. Valley National Advisers Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 339.2% during the 3rd quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after acquiring an additional 1,957 shares during the period. Assetmark Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 14.4% during the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after acquiring an additional 382 shares during the period. Finally, Crews Bank & Trust acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth about $143,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.0 %

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $42.59 on Friday. The business has a 50-day moving average price of $41.06 and a two-hundred day moving average price of $41.47. First Trust Morningstar Dividend Leaders Index has a 1-year low of $36.01 and a 1-year high of $44.07. The company has a market cap of $4.44 billion, a P/E 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.