Darwin Wealth Management LLC Acquires New Stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Darwin Wealth Management LLC purchased a new position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,835 shares of the exchange traded fund’s stock, valued at approximately $161,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Retireful LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at $4,872,000. Signature Estate & Investment Advisors LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 24.5% in the third quarter. Signature Estate & Investment Advisors LLC now owns 7,416 shares of the exchange traded fund’s stock worth $311,000 after buying an additional 1,460 shares during the last quarter. Neumann Capital Management LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth $732,000. ROI Financial Advisors LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 3.0% in the third quarter. ROI Financial Advisors LLC now owns 73,646 shares of the exchange traded fund’s stock worth $3,089,000 after buying an additional 2,130 shares during the last quarter. Finally, Kovack Advisors Inc. raised its stake in First Trust Morningstar Dividend Leaders Index by 7.4% during the 3rd quarter. Kovack Advisors Inc. now owns 16,941 shares of the exchange traded fund’s stock valued at $711,000 after purchasing an additional 1,160 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $42.33 on Thursday. The company’s fifty day moving average price is $41.98 and its two-hundred day moving average price is $40.19. First Trust Morningstar Dividend Leaders Index has a 52-week low of $33.63 and a 52-week high of $42.96. The firm has a market capitalization of $4.42 billion, a PE ratio of 12.51 and a beta of 0.73.

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.