Caprock Group LLC Purchases Shares of 8,800 First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Caprock Group LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the second quarter, HoldingsChannel reports. The institutional investor purchased 8,800 shares of the exchange traded fund’s stock, valued at approximately $334,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Icon Wealth Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at $795,000. Kingsview Wealth Management LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index by 10.2% during the 1st quarter. Kingsview Wealth Management LLC now owns 34,579 shares of the exchange traded fund’s stock valued at $1,331,000 after purchasing an additional 3,211 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 13.0% during the 4th quarter. D.A. Davidson & CO. now owns 219,373 shares of the exchange traded fund’s stock valued at $7,871,000 after buying an additional 25,159 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its position in First Trust Morningstar Dividend Leaders Index by 39.6% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 40,379 shares of the exchange traded fund’s stock worth $1,449,000 after buying an additional 11,452 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in First Trust Morningstar Dividend Leaders Index by 3.2% in the fourth quarter. GSA Capital Partners LLP now owns 74,200 shares of the exchange traded fund’s stock worth $2,662,000 after buying an additional 2,318 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL stock opened at $41.24 on Friday. The company has a market capitalization of $4.30 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a one year low of $31.47 and a one year high of $41.88. The company’s 50 day moving average price is $40.18 and its two-hundred day moving average price is $38.61.

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.