Benjamin Edwards Inc. Increases Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Benjamin Edwards Inc. lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,529 shares of the exchange traded fund’s stock after purchasing an additional 289 shares during the quarter. Benjamin Edwards Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $521,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FDL. Hexagon Capital Partners LLC lifted its stake in First Trust Morningstar Dividend Leaders Index by 21.8% in the fourth quarter. Hexagon Capital Partners LLC now owns 5,593 shares of the exchange traded fund’s stock worth $201,000 after acquiring an additional 1,000 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 40.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 99,857 shares of the exchange traded fund’s stock worth $3,583,000 after buying an additional 28,722 shares during the last quarter. Cutter & CO Brokerage Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth about $207,000. GAMMA Investing LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth about $93,000. Finally, Monument Group Wealth Advisors LLC acquired a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $371,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL stock traded up $0.18 during midday trading on Friday, reaching $37.67. 562,919 shares of the company were exchanged, compared to its average volume of 818,151. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1-year low of $31.47 and a 1-year high of $38.54. The stock’s 50-day simple moving average is $37.40 and its 200 day simple moving average is $35.79.

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.