Avidian Wealth Solutions LLC Buys 2,987 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Avidian Wealth Solutions LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,147 shares of the exchange traded fund’s stock after acquiring an additional 2,987 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,943,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sykon Capital LLC bought a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $313,000. Capital Analysts LLC lifted its stake in First Trust Morningstar Dividend Leaders Index by 30.4% during the 4th quarter. Capital Analysts LLC now owns 14,939 shares of the exchange traded fund’s stock valued at $536,000 after acquiring an additional 3,484 shares during the period. Cedrus LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 7.7% during the 4th quarter. Cedrus LLC now owns 59,459 shares of the exchange traded fund’s stock valued at $2,133,000 after acquiring an additional 4,241 shares during the last quarter. IFP Advisors Inc grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 94.0% in the fourth quarter. IFP Advisors Inc now owns 53,215 shares of the exchange traded fund’s stock worth $1,909,000 after acquiring an additional 25,783 shares during the period. Finally, CoreCap Advisors LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at approximately $767,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.5 %

FDL stock traded up $0.18 on Friday, hitting $37.67. The company had a trading volume of 562,926 shares, compared to its average volume of 818,151. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The stock’s 50-day simple moving average is $37.42 and its 200 day simple moving average is $35.83. First Trust Morningstar Dividend Leaders Index has a 12-month low of $31.47 and a 12-month high of $38.54.

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.