5,128 Shares in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Purchased by Brookstone Capital Management

Brookstone Capital Management bought a new stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the third quarter, Holdings Channel reports. The fund bought 5,128 shares of the exchange traded fund’s stock, valued at approximately $215,000.

Several other large investors have also recently made changes to their positions in FDL. Pathway Financial Advisers LLC raised its position in shares of 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 purchasing an additional 401 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index in the second quarter worth about $38,000. Sound Income Strategies LLC purchased a new position in First Trust Morningstar Dividend Leaders Index in the first quarter worth about $62,000. Strategic Financial Concepts LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 1,737.5% during the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 155,103 shares during the last quarter. Finally, Palisade Asset Management LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the first quarter valued at approximately $81,000.

First Trust Morningstar Dividend Leaders Index Stock Down 0.2 %

Shares of NYSEARCA FDL opened at $42.25 on Wednesday. The firm has a market cap of $4.41 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a twelve month low of $31.47 and a twelve month high of $42.70. The company has a 50 day moving average of $41.25 and a 200 day moving average of $39.36.

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.