Avantax Advisory Services Inc. Acquires 4,029 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Avantax Advisory Services Inc. boosted its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 142,692 shares of the exchange traded fund’s stock after acquiring an additional 4,029 shares during the quarter. Avantax Advisory Services Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $5,745,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in First Trust Morningstar Dividend Leaders Index by 34.3% during the 4th quarter. US Bancorp DE now owns 40,165 shares of the exchange traded fund’s stock valued at $1,617,000 after purchasing an additional 10,268 shares during the last quarter. Valley National Advisers Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 33.6% during the 4th quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock valued at $135,000 after purchasing an additional 852 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in First Trust Morningstar Dividend Leaders Index by 7.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after purchasing an additional 71,997 shares during the last quarter. FMR LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 67.8% during the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock valued at $968,000 after purchasing an additional 9,320 shares during the last quarter. Finally, Blue Trust Inc. grew 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 purchasing an additional 913 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 1.1 %

Shares of NYSEARCA:FDL opened at $43.06 on Friday. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 17.05 and a beta of 0.87. First Trust Morningstar Dividend Leaders Index has a 12 month low of $36.31 and a 12 month high of $44.35. The firm’s 50-day moving average is $41.99 and its 200 day moving average is $41.88.

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.