Synergy Asset Management LLC Takes Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Synergy Asset Management LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the fourth quarter, Holdings Channel reports. The fund bought 1,100 shares of the exchange traded fund’s stock, valued at approximately $46,000.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 7.2% during the third quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock valued at $354,685,000 after purchasing an additional 566,772 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 4,114.5% during the 3rd quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock worth $228,746,000 after purchasing an additional 5,323,451 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 in the last quarter. Janney Montgomery Scott LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock worth $23,381,000 after buying an additional 14,894 shares during the last quarter. Finally, Southland Equity Partners LLC increased its stake in First Trust Morningstar Dividend Leaders Index by 0.5% during the 4th quarter. Southland Equity Partners LLC now owns 480,688 shares of the exchange traded fund’s stock worth $19,353,000 after buying an additional 2,447 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA FDL opened at $41.53 on Friday. The stock’s 50 day simple moving average is $41.34 and its 200-day simple moving average is $41.33. The company has a market cap of $4.33 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1-year low of $35.45 and a 1-year high of $44.07.

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.