RiverTree Advisors LLC Increases Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

RiverTree Advisors LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 855.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,078 shares of the exchange traded fund’s stock after purchasing an additional 70,799 shares during the quarter. First Trust Morningstar Dividend Leaders Index comprises about 2.1% of RiverTree Advisors LLC’s portfolio, making the stock its 16th biggest position. RiverTree Advisors LLC owned 0.08% of First Trust Morningstar Dividend Leaders Index worth $3,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 124.5% in the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 401 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter worth $39,000. Blue Trust Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at $46,000. Valley National Advisers Inc. boosted its position in 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 valued at $105,000 after acquiring an additional 1,957 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the 3rd 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 during the period.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL stock opened at $41.12 on Monday. The stock’s 50-day moving average is $41.53 and its 200 day moving average is $41.15. First Trust Morningstar Dividend Leaders Index has a 1-year low of $35.03 and a 1-year high of $44.07. The company has a market cap of $4.29 billion, a P/E ratio of 12.51 and a beta of 0.73.

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.