First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Bought by Summit Financial Wealth Advisors LLC

by · The Cerbat Gem

Summit Financial Wealth Advisors LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL – Free Report) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,142 shares of the exchange traded fund’s stock after purchasing an additional 3,934 shares during the period. First Trust Morningstar Dividend Leaders Index comprises approximately 1.6% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 20th biggest holding. Summit Financial Wealth Advisors LLC owned 0.20% of First Trust Morningstar Dividend Leaders Index worth $8,732,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Pathway Financial Advisers LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 124.5% in the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 401 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter worth approximately $39,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 2nd quarter worth approximately $38,000. Blue Trust Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $46,000. Finally, Valley National Advisers Inc. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 339.2% during the 3rd quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 1,957 shares during the period.

First Trust Morningstar Dividend Leaders Index Price Performance

FDL opened at $43.66 on Tuesday. First Trust Morningstar Dividend Leaders Index has a 12 month low of $33.83 and a 12 month high of $43.85. The business has a 50-day moving average of $42.08 and a two-hundred day moving average of $40.31. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

First Trust Morningstar Dividend Leaders Index Company Profile

(Free Report)

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.

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