B. Riley Wealth Advisors Inc. Has $3.29 Million Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

B. Riley Wealth Advisors Inc. raised its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 15.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,644 shares of the exchange traded fund’s stock after buying an additional 11,607 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 0.08% of First Trust Morningstar Dividend Leaders Index worth $3,286,000 at the end of the most recent reporting period.

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

First Trust Morningstar Dividend Leaders Index Stock Down 0.4 %

Shares of FDL stock opened at $41.80 on Wednesday. First Trust Morningstar Dividend Leaders Index has a 12 month low of $31.47 and a 12 month high of $42.21. The company’s fifty day simple moving average is $40.89 and its 200-day simple moving average is $39.08. The firm has a market cap of $4.36 billion, a PE ratio of 12.51 and a beta of 0.73.

About First Trust Morningstar Dividend Leaders Index

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.