McAdam LLC Takes $7.73 Million Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

McAdam LLC bought a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 191,975 shares of the exchange traded fund’s stock, valued at approximately $7,729,000. McAdam LLC owned approximately 0.18% of First Trust Morningstar Dividend Leaders Index as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 4,114.5% during the third quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock valued at $228,746,000 after acquiring an additional 5,323,451 shares during the last quarter. LPL Financial LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.2% during the 3rd quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after purchasing an additional 566,772 shares during the last quarter. Retireful LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the third quarter worth about $4,872,000. Fortis Group Advisors LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 668.6% in the third quarter. Fortis Group Advisors LLC now owns 127,060 shares of the exchange traded fund’s stock valued at $5,330,000 after buying an additional 110,529 shares during the last quarter. Finally, Genesis Private Wealth LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $4,059,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of NYSEARCA FDL opened at $41.53 on Friday. The firm has a market cap of $4.33 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1 year low of $35.45 and a 1 year high of $44.07. The firm’s 50 day moving average price is $41.34 and its 200 day moving average price is $41.34.

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.