Pillar Financial Advisors LLC Invests $106,000 in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Pillar Financial Advisors LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,625 shares of the exchange traded fund’s stock, valued at approximately $106,000.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 33.6% during the 4th quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock worth $135,000 after purchasing an additional 852 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 7.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after purchasing an additional 71,997 shares during the last quarter. FMR LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 67.8% during the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock worth $968,000 after purchasing an additional 9,320 shares during the last quarter. Blue Trust Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 84.0% during the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after purchasing an additional 913 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 111.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 11,171 shares of the exchange traded fund’s stock worth $450,000 after purchasing an additional 5,882 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 1.5 %

NYSEARCA:FDL opened at $43.76 on Friday. The stock has a market cap of $4.99 billion, a P/E ratio of 19.12 and a beta of 0.90. The stock has a 50 day simple moving average of $41.71 and a 200 day simple moving average of $41.80. First Trust Morningstar Dividend Leaders Index has a 1-year low of $36.31 and a 1-year high of $44.29.

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.