M Holdings Securities Inc. Makes New Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

M Holdings Securities Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDLGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,802 shares of the exchange traded fund’s stock, valued at approximately $554,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisory Services Network LLC raised its holdings in First Trust Morningstar Dividend Leaders Index by 1.6% during the 1st quarter. Advisory Services Network LLC now owns 111,199 shares of the exchange traded fund’s stock worth $4,163,000 after buying an additional 1,786 shares during the period. WESPAC Advisors SoCal LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 1st quarter worth about $283,000. Orion Portfolio Solutions LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 1st quarter worth about $257,000. Virtu Financial LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the 1st quarter valued at about $912,000. Finally, Royal Bank of Canada increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 12.3% in the 1st quarter. Royal Bank of Canada now owns 446,937 shares of the exchange traded fund’s stock valued at $16,734,000 after purchasing an additional 49,103 shares during the period.

First Trust Morningstar Dividend Leaders Index Trading Down 0.6 %

Shares of FDL opened at $35.36 on Friday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $32.58 and a fifty-two week high of $39.24. The business’s 50-day moving average is $36.19 and its 200-day moving average is $36.84.

First Trust Morningstar Dividend Leaders Index Company Profile

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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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Institutional Ownership by Quarter for First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

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