RiverTree Advisors LLC Increases Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

RiverTree Advisors LLC lifted its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 855.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,078 shares of the exchange traded fund’s stock after acquiring an additional 70,799 shares during the period. First Trust Morningstar Dividend Leaders Index accounts for approximately 2.1% of RiverTree Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. RiverTree Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 124.5% in the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 401 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the third quarter valued at $39,000. Blue Trust Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter valued at $46,000. Valley National Advisers Inc. grew its position 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 purchasing an additional 1,957 shares during the period. Finally, Assetmark Inc. raised its stake in shares of 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 valued at $128,000 after buying an additional 382 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 0.6 %

Shares of FDL opened at $41.12 on Monday. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52 week low of $35.03 and a 52 week high of $44.07. The stock’s 50-day moving average price is $41.53 and its 200-day moving average price is $41.15.

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.