Sound Income Strategies LLC Invests $62,000 in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Sound Income Strategies LLC bought a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,618 shares of the exchange traded fund’s stock, valued at approximately $62,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Priebe Wealth Holdings LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 3.9% during the first quarter. Priebe Wealth Holdings LLC now owns 19,362 shares of the exchange traded fund’s stock worth $745,000 after buying an additional 730 shares during the period. Global Assets Advisory LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the first quarter worth approximately $738,000. Southland Equity Partners LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 1.2% during the first quarter. Southland Equity Partners LLC now owns 406,498 shares of the exchange traded fund’s stock worth $15,642,000 after buying an additional 4,680 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in First Trust Morningstar Dividend Leaders Index during the first quarter worth approximately $10,568,000. Finally, International Assets Investment Management LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 1.9% during the first quarter. International Assets Investment Management LLC now owns 131,991 shares of the exchange traded fund’s stock worth $5,063,000 after buying an additional 2,468 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Down 0.3 %

FDL opened at $38.19 on Thursday. First Trust Morningstar Dividend Leaders Index has a 52-week low of $31.47 and a 52-week high of $39.02. The company has a 50 day moving average of $38.05 and a two-hundred day moving average of $37.12. The company has a market cap of $3.98 billion, a P/E 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.