Blue Trust Inc. Purchases Shares of 1,087 First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Blue Trust Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,087 shares of the exchange traded fund’s stock, valued at approximately $46,000.

Several other hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers lifted its stake 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 purchasing an additional 1,898,023 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 9.5% in the second 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 purchasing an additional 167,698 shares in the last quarter. Csenge Advisory Group increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 6.1% in the second quarter. Csenge Advisory Group now owns 1,740,756 shares of the exchange traded fund’s stock valued at $66,027,000 after purchasing an additional 99,653 shares in the last quarter. Cetera Advisors LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 2.4% during the 1st quarter. Cetera Advisors LLC now owns 1,530,215 shares of the exchange traded fund’s stock worth $58,883,000 after acquiring an additional 36,135 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Morningstar Dividend Leaders Index by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,447,886 shares of the exchange traded fund’s stock worth $54,918,000 after acquiring an additional 52,303 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL opened at $41.85 on Friday. The company has a fifty day moving average price of $41.75 and a two-hundred day moving average price of $39.72. The firm has a market capitalization of $4.36 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52 week low of $32.30 and a 52 week high of $42.70.

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.