Valley National Advisers Inc. Grows Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Valley National Advisers Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 339.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,534 shares of the exchange traded fund’s stock after purchasing an additional 1,957 shares during the period. Valley National Advisers Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 10.2% during the first quarter. Kingsview Wealth Management LLC now owns 34,579 shares of the exchange traded fund’s stock valued at $1,331,000 after purchasing an additional 3,211 shares during the period. D.A. Davidson & CO. increased its stake in First Trust Morningstar Dividend Leaders Index by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 221,565 shares of the exchange traded fund’s stock worth $8,404,000 after buying an additional 2,615 shares in the last quarter. Belpointe Asset Management LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 9.9% in the second quarter. Belpointe Asset Management LLC now owns 17,388 shares of the exchange traded fund’s stock valued at $660,000 after acquiring an additional 1,571 shares in the last quarter. Aptus Capital Advisors LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the second quarter worth about $213,000. Finally, CWM LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index by 59.5% during the third quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock worth $772,000 after purchasing an additional 6,865 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.7 %

Shares of FDL opened at $41.99 on Tuesday. First Trust Morningstar Dividend Leaders Index has a 12-month low of $31.80 and a 12-month high of $42.70. The company has a market capitalization of $4.38 billion, a PE ratio of 12.51 and a beta of 0.73. The business’s 50 day moving average is $41.66 and its 200 day moving average is $39.62.

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.