Puff Wealth Management LLC Takes $282,000 Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Puff Wealth Management LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,011 shares of the exchange traded fund’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FDL. Valley National Advisers Inc. lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 33.6% during the fourth quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock worth $135,000 after purchasing an additional 852 shares in the last quarter. JPMorgan Chase & Co. boosted its position in First Trust Morningstar Dividend Leaders Index by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after buying an additional 71,997 shares during the period. FMR LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 67.8% in the third quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock worth $968,000 after acquiring an additional 9,320 shares in the last quarter. CWM LLC increased its position in shares of 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 acquiring an additional 6,865 shares during the period. Finally, Blue Trust Inc. acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter valued at $46,000.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of NYSEARCA FDL opened at $42.59 on Friday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The stock’s 50-day moving average is $41.06 and its two-hundred day moving average is $41.47. First Trust Morningstar Dividend Leaders Index has a 1-year low of $36.01 and a 1-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.