First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 4,114.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,452,833 shares of the exchange traded fund’s stock after purchasing an additional 5,323,451 shares during the quarter. International Assets Investment Management LLC owned about 0.05% of First Trust Morningstar Dividend Leaders Index worth $228,746,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Pathway Financial Advisers LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 124.5% in the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 401 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the third quarter worth about $39,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the second quarter worth about $38,000. Blue Trust Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth about $46,000. Finally, Sound Income Strategies LLC purchased a new position in First Trust Morningstar Dividend Leaders Index in the first quarter valued at about $62,000.

First Trust Morningstar Dividend Leaders Index Stock Down 0.1 %

FDL stock opened at $42.11 on Friday. The stock’s 50 day moving average is $41.60 and its two-hundred day moving average is $39.54. First Trust Morningstar Dividend Leaders Index has a 52-week low of $31.47 and a 52-week high of $42.70. The company has a market capitalization of $4.39 billion, a PE ratio of 12.51 and a beta of 0.73.

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.