MML Investors Services LLC Has $5.59 Million Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

MML Investors Services LLC raised its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 3.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 138,793 shares of the exchange traded fund’s stock after purchasing an additional 4,943 shares during the period. MML Investors Services LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $5,588,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its stake in First Trust Morningstar Dividend Leaders Index by 34.3% during the fourth quarter. US Bancorp DE now owns 40,165 shares of the exchange traded fund’s stock worth $1,617,000 after buying an additional 10,268 shares during the last quarter. Valley National Advisers Inc. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 33.6% in the 4th quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock valued at $135,000 after purchasing an additional 852 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after purchasing an additional 71,997 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 11.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 21,990 shares of the exchange traded fund’s stock valued at $885,000 after purchasing an additional 2,248 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in First Trust Morningstar Dividend Leaders Index by 84.0% during the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after purchasing an additional 913 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of FDL opened at $40.69 on Friday. The firm has a market cap of $5.15 billion, a PE ratio of 14.88 and a beta of 0.77. First Trust Morningstar Dividend Leaders Index has a 52-week low of $37.13 and a 52-week high of $44.35. The business’s 50 day moving average price is $42.00 and its two-hundred day moving average price is $41.82.

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.