5,800 Shares in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Acquired by Sterling Investment Management LLC

Sterling Investment Management LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,800 shares of the exchange traded fund’s stock, valued at approximately $208,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in First Trust Morningstar Dividend Leaders Index by 46.7% during the 4th quarter. Morgan Stanley now owns 9,497,868 shares of the exchange traded fund’s stock worth $347,242,000 after acquiring an additional 3,024,149 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.5% in the 1st quarter. Bank of America Corp DE now owns 3,053,537 shares of the exchange traded fund’s stock valued at $108,401,000 after purchasing an additional 46,184 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 6.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,565,995 shares of the exchange traded fund’s stock valued at $85,829,000 after purchasing an additional 163,492 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 6.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,350,970 shares of the exchange traded fund’s stock valued at $79,957,000 after purchasing an additional 147,593 shares during the last quarter. Finally, Csenge Advisory Group boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 3.7% in the 3rd quarter. Csenge Advisory Group now owns 1,550,537 shares of the exchange traded fund’s stock valued at $51,850,000 after purchasing an additional 54,833 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 1.7 %

Shares of NYSEARCA FDL opened at $38.19 on Thursday. The firm has a market cap of $4.83 billion, a PE ratio of 12.39 and a beta of 0.86. First Trust Morningstar Dividend Leaders Index has a 12-month low of $31.47 and a 12-month high of $38.20. The company’s fifty day simple moving average is $36.67 and its 200 day simple moving average is $35.11.

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.