Flynn Zito Capital Management LLC Buys 331 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Flynn Zito Capital Management LLC grew its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.2% during the 4th quarter, HoldingsChannel reports. The fund owned 27,551 shares of the exchange traded fund’s stock after purchasing an additional 331 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,109,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 13.4% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 8,967 shares of the exchange traded fund’s stock worth $361,000 after purchasing an additional 1,060 shares during the last quarter. Bank of New York Mellon Corp increased its stake in First Trust Morningstar Dividend Leaders Index by 108.4% during the 4th quarter. Bank of New York Mellon Corp now owns 12,043 shares of the exchange traded fund’s stock valued at $485,000 after purchasing an additional 6,263 shares in the last quarter. World Equity Group Inc. raised its holdings in First Trust Morningstar Dividend Leaders Index by 3.0% in the fourth quarter. World Equity Group Inc. now owns 130,601 shares of the exchange traded fund’s stock worth $5,258,000 after buying an additional 3,813 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.6% in the fourth quarter. Sigma Planning Corp now owns 85,116 shares of the exchange traded fund’s stock worth $3,427,000 after buying an additional 1,358 shares in the last quarter. Finally, Turning Point Benefit Group Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter worth approximately $344,000.

First Trust Morningstar Dividend Leaders Index Stock Down 0.7 %

Shares of FDL opened at $43.32 on Thursday. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.19 and a twelve month high of $44.07. The company has a market capitalization of $4.94 billion, a P/E ratio of 19.12 and a beta of 0.90. The firm has a 50 day moving average of $41.34 and a 200 day moving average of $41.67.

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.