Turning Point Benefit Group Inc. Takes $344,000 Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Turning Point Benefit Group Inc. acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 8,597 shares of the exchange traded fund’s stock, valued at approximately $344,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FDL. Freedom Investment Management Inc. grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4.2% during the 3rd quarter. Freedom Investment Management Inc. now owns 6,074 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 245 shares during the period. Aptus Capital Advisors LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock worth $246,000 after purchasing an additional 250 shares during the period. KMG Fiduciary Partners LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 1.4% during the 4th quarter. KMG Fiduciary Partners LLC now owns 24,417 shares of the exchange traded fund’s stock worth $983,000 after purchasing an additional 335 shares during the period. Assetmark Inc. grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 14.4% during the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after purchasing an additional 382 shares during the period. Finally, Gladstone Institutional Advisory LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 1.4% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 36,962 shares of the exchange traded fund’s stock worth $1,488,000 after purchasing an additional 523 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of NYSEARCA:FDL opened at $43.32 on Friday. First Trust Morningstar Dividend Leaders Index has a 1 year low of $36.19 and a 1 year high of $44.07. The stock has a market capitalization of $4.52 billion, a P/E ratio of 12.51 and a beta of 0.73. The stock has a 50-day simple moving average of $41.16 and a 200-day simple moving average of $41.57.

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.