NewEdge Wealth LLC Invests $529,000 in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

NewEdge Wealth LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 14,733 shares of the exchange traded fund’s stock, valued at approximately $529,000.

Several other institutional investors and hedge funds have also made changes to their positions in FDL. U.S. Capital Wealth Advisors LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 1st quarter worth approximately $209,000. NewEdge Advisors LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 33.3% during the first quarter. NewEdge Advisors LLC now owns 33,967 shares of the exchange traded fund’s stock valued at $1,272,000 after acquiring an additional 8,486 shares during the period. Equitable Holdings Inc. increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 631.8% in the 1st quarter. Equitable Holdings Inc. now owns 67,319 shares of the exchange traded fund’s stock worth $2,520,000 after acquiring an additional 58,120 shares during the period. First Trust Advisors LP lifted its position in First Trust Morningstar Dividend Leaders Index by 7.1% in the 1st quarter. First Trust Advisors LP now owns 116,717 shares of the exchange traded fund’s stock valued at $4,370,000 after purchasing an additional 7,740 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the 1st quarter valued at about $968,000.

First Trust Morningstar Dividend Leaders Index Trading Down 0.8 %

Shares of NYSEARCA:FDL opened at $36.38 on Wednesday. The firm’s 50 day moving average is $37.13 and its two-hundred day moving average is $35.46. The firm has a market capitalization of $3.84 billion, a P/E ratio of 12.41 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $38.54.

About First Trust Morningstar Dividend Leaders Index

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.