Freedom Investment Management Inc. Boosts Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Freedom Investment Management Inc. increased its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 4.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,074 shares of the exchange traded fund’s stock after buying an additional 245 shares during the period. Freedom Investment Management Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $255,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDL. D.A. Davidson & CO. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.2% during 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 during the period. Belpointe Asset Management LLC raised its position in First Trust Morningstar Dividend Leaders Index by 9.9% during the second quarter. Belpointe Asset Management LLC now owns 17,388 shares of the exchange traded fund’s stock worth $660,000 after acquiring an additional 1,571 shares during the period. Aptus Capital Advisors LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the second quarter worth $213,000. CWM LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index by 59.5% in the third quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock valued at $772,000 after purchasing an additional 6,865 shares during the period. Finally, Summit Financial LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the second quarter worth about $504,000.

First Trust Morningstar Dividend Leaders Index Stock Up 0.2 %

FDL opened at $43.95 on Monday. The company has a market cap of $4.58 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a twelve month low of $34.25 and a twelve month high of $44.07. The company has a 50-day moving average price of $42.25 and a 200 day moving average price of $40.45.

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.