Independent Advisor Alliance Buys 3,279 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Independent Advisor Alliance grew its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 3.6% in the third quarter, HoldingsChannel.com reports. The fund owned 93,669 shares of the exchange traded fund’s stock after acquiring an additional 3,279 shares during the period. Independent Advisor Alliance’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FDL. Pathway Financial Advisers LLC increased its stake in First Trust Morningstar Dividend Leaders Index by 124.5% during the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 401 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth approximately $39,000. Whittier Trust Co. of Nevada Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index during the 2nd quarter worth approximately $38,000. Blue Trust Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth approximately $46,000. Finally, Valley National Advisers Inc. increased its stake in First Trust Morningstar Dividend Leaders Index by 339.2% during the 3rd quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 1,957 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA FDL opened at $43.66 on Tuesday. The business has a 50 day simple moving average of $42.08 and a 200 day simple moving average of $40.31. First Trust Morningstar Dividend Leaders Index has a 52-week low of $33.83 and a 52-week high of $43.85. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

First Trust Morningstar Dividend Leaders Index Company 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.