Bell Bank Purchases Shares of 14,015 First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Bell Bank acquired a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,015 shares of the exchange traded fund’s stock, valued at approximately $564,000.

Several other hedge funds also recently modified their holdings of FDL. Blue Trust Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter worth about $46,000. Synergy Asset Management LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $46,000. Valley National Advisers Inc. boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 339.2% in the 3rd quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock valued at $105,000 after buying an additional 1,957 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after buying an additional 382 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at $143,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.0 %

Shares of FDL opened at $43.32 on Friday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The company’s fifty day simple moving average is $41.16 and its 200 day simple moving average is $41.57. First Trust Morningstar Dividend Leaders Index has a 1-year low of $36.19 and a 1-year high of $44.07.

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.