First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,178,413 shares of the exchange traded fund’s stock after purchasing an additional 113,442 shares during the period. Commonwealth Equity Services LLC owned 0.93% of First Trust Morningstar Dividend Leaders Index worth $40,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 46.7% during the fourth quarter. Morgan Stanley now owns 9,497,868 shares of the exchange traded fund’s stock valued at $347,242,000 after acquiring an additional 3,024,149 shares during the last quarter. LPL Financial LLC raised its stake in First Trust Morningstar Dividend Leaders Index by 33.8% in the 1st quarter. LPL Financial LLC now owns 10,559,035 shares of the exchange traded fund’s stock valued at $374,846,000 after purchasing an additional 2,666,120 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Morningstar Dividend Leaders Index by 659.9% in the 1st quarter. Cetera Investment Advisers now owns 2,436,522 shares of the exchange traded fund’s stock valued at $86,497,000 after purchasing an additional 2,115,887 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in First Trust Morningstar Dividend Leaders Index by 19.0% during the 1st quarter. Ameriprise Financial Inc. now owns 6,049,795 shares of the exchange traded fund’s stock worth $214,698,000 after purchasing an additional 964,298 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 243.9% during the first quarter. JPMorgan Chase & Co. now owns 824,648 shares of the exchange traded fund’s stock worth $29,275,000 after buying an additional 584,857 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 0.9 %

Shares of NYSEARCA FDL opened at $33.79 on Friday. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $38.33. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 12.39 and a beta of 0.86. The firm has a 50-day simple moving average of $33.29 and a 200-day simple moving average of $34.04.

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.