Investors Research Corp Has $3.98 Million Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Investors Research Corp lifted its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 10.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 98,750 shares of the exchange traded fund’s stock after purchasing an additional 9,644 shares during the quarter. First Trust Morningstar Dividend Leaders Index comprises 0.9% of Investors Research Corp’s holdings, making the stock its 21st biggest position. Investors Research Corp owned approximately 0.09% of First Trust Morningstar Dividend Leaders Index worth $3,976,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $31,000. Synergy Asset Management LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $46,000. Blue Trust Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 84.0% in the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock valued at $81,000 after purchasing an additional 913 shares during the period. Pillar Financial Advisors LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $106,000. Finally, Assetmark Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 382 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Up 1.5 %

NYSEARCA:FDL opened at $43.76 on Monday. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.31 and a twelve month high of $44.29. The business has a 50 day moving average price of $41.78 and a two-hundred day moving average price of $41.84. The company has a market cap of $4.99 billion, a P/E ratio of 19.12 and a beta of 0.90.

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.