Raymond James Financial Inc. Invests $127.33 Million in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Raymond James Financial Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,162,621 shares of the exchange traded fund’s stock, valued at approximately $127,327,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Investments Inc increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 3.2% in the 4th quarter. Atria Investments Inc now owns 36,316 shares of the exchange traded fund’s stock valued at $1,462,000 after acquiring an additional 1,119 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at $584,000. Keybank National Association OH bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at $320,000. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at $31,000. Finally, Jones Financial Companies Lllp increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 191.7% in the 4th quarter. Jones Financial Companies Lllp now owns 276,811 shares of the exchange traded fund’s stock valued at $11,144,000 after acquiring an additional 181,922 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 1.5 %

NYSEARCA:FDL opened at $43.76 on Friday. The company has a fifty day moving average of $41.78 and a 200-day moving average of $41.83. The firm has a market capitalization of $4.99 billion, a P/E ratio of 19.12 and a beta of 0.90. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.31 and a twelve month high of $44.29.

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.