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

Beacon Pointe Advisors LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,136 shares of the exchange traded fund’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FDL. Mascoma Wealth Management LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $31,000. Synergy Asset Management LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $46,000. Blue Trust Inc. lifted its stake in First Trust Morningstar Dividend Leaders Index by 84.0% in the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock valued at $81,000 after buying an additional 913 shares in the last quarter. Finally, Pillar Financial Advisors LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth $106,000.

First Trust Morningstar Dividend Leaders Index Stock Down 0.4 %

Shares of NYSEARCA:FDL opened at $41.34 on Tuesday. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 14.88 and a beta of 0.77. First Trust Morningstar Dividend Leaders Index has a 12 month low of $37.29 and a 12 month high of $44.35. The company’s fifty day simple moving average is $41.69 and its 200 day simple moving average is $41.76.

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.