Sunbelt Securities Inc. Grows Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Sunbelt Securities Inc. increased its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,243 shares of the exchange traded fund’s stock after purchasing an additional 1,319 shares during the quarter. Sunbelt Securities Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $464,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cetera Investment Advisers raised its position in First Trust Morningstar Dividend Leaders Index by 1,056.4% during the first quarter. Cetera Investment Advisers now owns 2,077,685 shares of the exchange traded fund’s stock worth $79,949,000 after acquiring an additional 1,898,023 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the 1st quarter worth approximately $10,568,000. First Heartland Consultants Inc. lifted its stake in First Trust Morningstar Dividend Leaders Index by 348.2% in the 2nd quarter. First Heartland Consultants Inc. now owns 238,741 shares of the exchange traded fund’s stock valued at $9,055,000 after buying an additional 185,470 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 9.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,941,020 shares of the exchange traded fund’s stock valued at $73,623,000 after buying an additional 167,698 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its position in First Trust Morningstar Dividend Leaders Index by 1,737.5% during the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after buying an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Down 0.4 %

Shares of NYSEARCA:FDL opened at $41.80 on Wednesday. The company has a market capitalization of $4.36 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52-week low of $31.47 and a 52-week high of $42.21. The stock’s fifty day simple moving average is $40.89 and its 200-day simple moving average is $39.08.

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.