PNC Financial Services Group Inc. Acquires 2,248 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

PNC Financial Services Group Inc. increased its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,990 shares of the exchange traded fund’s stock after acquiring an additional 2,248 shares during the period. PNC Financial Services Group Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 14.4% during the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after acquiring an additional 382 shares in the last quarter. Retireful LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter valued at about $4,872,000. Darwin Wealth Management LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter worth about $161,000. LPL Financial LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 7.2% during the 3rd quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after acquiring an additional 566,772 shares in the last quarter. Finally, Investors Research Corp increased its position in First Trust Morningstar Dividend Leaders Index by 11.3% during the 3rd quarter. Investors Research Corp now owns 89,106 shares of the exchange traded fund’s stock valued at $3,738,000 after purchasing an additional 9,041 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA:FDL opened at $43.53 on Tuesday. The firm has a 50-day simple moving average of $42.11 and a 200-day simple moving average of $41.92. First Trust Morningstar Dividend Leaders Index has a one year low of $36.31 and a one year high of $44.35. The firm has a market cap of $5.25 billion, a P/E ratio of 17.05 and a beta of 0.87.

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.