Investors Research Corp Boosts Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Investors Research Corp raised its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,106 shares of the exchange traded fund’s stock after purchasing an additional 9,041 shares during the quarter. First Trust Morningstar Dividend Leaders Index comprises 0.8% of Investors Research Corp’s investment portfolio, making the stock its 21st biggest position. Investors Research Corp owned 0.09% of First Trust Morningstar Dividend Leaders Index worth $3,738,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDL. Pathway Financial Advisers LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 124.5% during the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 401 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in First Trust Morningstar Dividend Leaders Index during the second quarter worth approximately $38,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $39,000. Blue Trust Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter valued at $46,000. Finally, Strategic Financial Concepts LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 1,737.5% in the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL traded up $0.08 during midday trading on Thursday, reaching $42.41. 66,143 shares of the stock were exchanged, compared to its average volume of 586,398. First Trust Morningstar Dividend Leaders Index has a twelve month low of $33.73 and a twelve month high of $42.96. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The business’s 50-day moving average price is $41.98 and its 200 day moving average price is $40.19.

About First Trust Morningstar Dividend Leaders Index

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.