Diversified Enterprises LLC Boosts Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Diversified Enterprises LLC lifted its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 8.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,036 shares of the exchange traded fund’s stock after purchasing an additional 1,638 shares during the quarter. Diversified Enterprises LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at about $31,000. Synergy Asset Management LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at about $46,000. Blue Trust Inc. boosted its holdings in First Trust Morningstar Dividend Leaders Index by 84.0% during the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock valued at $81,000 after acquiring an additional 913 shares during the period. Finally, Pillar Financial Advisors LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at about $106,000.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL stock opened at $43.06 on Friday. The stock has a market capitalization of $5.19 billion, a PE ratio of 17.05 and a beta of 0.87. First Trust Morningstar Dividend Leaders Index has a 1-year low of $36.31 and a 1-year high of $44.35. The business has a 50-day moving average of $41.99 and a 200 day moving average of $41.88.

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.