Bank of New York Mellon Corp Raises Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Bank of New York Mellon Corp raised its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 108.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,043 shares of the exchange traded fund’s stock after purchasing an additional 6,263 shares during the period. Bank of New York Mellon Corp’s holdings in First Trust Morningstar Dividend Leaders Index were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Synergy Asset Management LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $46,000. Blue Trust Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 84.0% during the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after acquiring an additional 913 shares during the period. Valley National Advisers Inc. raised its position in First Trust Morningstar Dividend Leaders Index by 33.6% in the fourth quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock worth $135,000 after acquiring an additional 852 shares in the last quarter. Crews Bank & Trust acquired a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at $143,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 18.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,095 shares of the exchange traded fund’s stock worth $165,000 after purchasing an additional 650 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Down 1.0 %

FDL stock opened at $42.95 on Friday. The company’s 50-day moving average price is $42.60 and its 200 day moving average price is $42.02. First Trust Morningstar Dividend Leaders Index has a 52 week low of $36.31 and a 52 week high of $44.35. The company has a market cap of $5.18 billion, a P/E ratio of 17.05 and a beta of 0.87.

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.