Icon Wealth Advisors LLC Raises Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Icon Wealth Advisors LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 307.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,991 shares of the exchange traded fund’s stock after purchasing an additional 60,371 shares during the quarter. Icon Wealth Advisors LLC owned 0.08% of First Trust Morningstar Dividend Leaders Index worth $3,356,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pathway Financial Advisers LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 124.5% in the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 401 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 2nd quarter valued at about $38,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $39,000. Blue Trust Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index in the third quarter worth about $46,000. Finally, Strategic Financial Concepts LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 1,737.5% in the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 155,103 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 1.2 %

Shares of NYSEARCA FDL opened at $42.83 on Friday. The stock has a market capitalization of $4.47 billion, a P/E ratio of 12.51 and a beta of 0.73. The stock’s 50 day moving average price is $42.01 and its two-hundred day moving average price is $40.21. First Trust Morningstar Dividend Leaders Index has a 52-week low of $33.73 and a 52-week high of $42.96.

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.