D.A. Davidson & CO. Buys 141,525 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

D.A. Davidson & CO. grew its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 58.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 383,307 shares of the exchange traded fund’s stock after acquiring an additional 141,525 shares during the quarter. D.A. Davidson & CO. owned 0.37% of First Trust Morningstar Dividend Leaders Index worth $15,432,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FDL. LPL Financial LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.2% in the third quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after purchasing an additional 566,772 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 4,114.5% in the third 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. Csenge Advisory Group raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 0.8% in the fourth quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock worth $70,102,000 after purchasing an additional 13,574 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after purchasing an additional 71,997 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock worth $23,381,000 after purchasing an additional 14,894 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

FDL stock opened at $42.82 on Wednesday. First Trust Morningstar Dividend Leaders Index has a 1-year low of $36.17 and a 1-year high of $44.07. The business has a fifty day moving average price of $41.07 and a 200-day moving average price of $41.51. The stock has a market capitalization of $4.47 billion, a P/E ratio of 12.51 and a beta of 0.73.

About First Trust Morningstar Dividend Leaders Index

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.