Assetmark Inc. Buys 382 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Assetmark Inc. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 14.4% in the third quarter, Holdings Channel.com reports. The fund owned 3,042 shares of the exchange traded fund’s stock after acquiring an additional 382 shares during the quarter. Assetmark Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $128,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 124.5% during the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 401 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter worth about $39,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the second quarter worth about $38,000. Blue Trust Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter worth about $46,000. Finally, Valley National Advisers Inc. raised its position in shares of First Trust Morningstar Dividend Leaders Index by 339.2% during the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after acquiring an additional 1,957 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL opened at $41.96 on Monday. The business has a 50-day moving average of $41.92 and a 200-day moving average of $40.11. First Trust Morningstar Dividend Leaders Index has a 1 year low of $33.33 and a 1 year high of $42.96. The company has a market capitalization of $4.38 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.