First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Stock Position Raised by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 111.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,171 shares of the exchange traded fund’s stock after acquiring an additional 5,882 shares during the quarter. Strategic Financial Concepts LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $450,000 at the end of the most recent reporting period.

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

First Trust Morningstar Dividend Leaders Index Stock Up 0.7 %

FDL opened at $43.11 on Thursday. The stock has a fifty day moving average of $41.09 and a 200-day moving average of $41.52. The firm has a market capitalization of $4.50 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 12-month low of $36.17 and a 12-month high of $44.07.

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.