World Investment Advisors LLC Takes Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

World Investment Advisors LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 17,964 shares of the exchange traded fund’s stock, valued at approximately $754,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 124.5% during the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 401 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the second quarter worth about $38,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth about $39,000. Blue Trust Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth about $46,000. Finally, Strategic Financial Concepts LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 1,737.5% in the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

First Trust Morningstar Dividend Leaders Index stock opened at $40.88 on Tuesday. The firm has a market capitalization of $4.26 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a one year low of $35.03 and a one year high of $44.07. The stock’s 50 day moving average price is $42.38 and its 200 day moving average price is $40.77.

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.