Spectrum Wealth Advisory Group LLC Raises Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Spectrum Wealth Advisory Group LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 266,043 shares of the exchange traded fund’s stock after buying an additional 4,743 shares during the quarter. First Trust Morningstar Dividend Leaders Index accounts for about 11.8% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its 2nd biggest holding. Spectrum Wealth Advisory Group LLC owned approximately 0.25% of First Trust Morningstar Dividend Leaders Index worth $10,237,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 4,153.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,647,283 shares of the exchange traded fund’s stock worth $166,745,000 after purchasing an additional 4,538,031 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in 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 buying an additional 163,492 shares during the last quarter. TRUE Private Wealth Advisors boosted its position in First Trust Morningstar Dividend Leaders Index by 8.5% during the 4th quarter. TRUE Private Wealth Advisors now owns 968,116 shares of the exchange traded fund’s stock worth $34,736,000 after buying an additional 75,840 shares during the period. Private Advisor Group LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 7.6% during the 4th quarter. Private Advisor Group LLC now owns 519,014 shares of the exchange traded fund’s stock worth $18,622,000 after acquiring an additional 36,493 shares during the last quarter. Finally, Southland Equity Partners LLC increased its position in First Trust Morningstar Dividend Leaders Index by 1.2% in the 1st quarter. Southland Equity Partners LLC now owns 406,498 shares of the exchange traded fund’s stock valued at $15,642,000 after acquiring an additional 4,680 shares during the period.

First Trust Morningstar Dividend Leaders Index Trading Down 0.5 %

NYSEARCA:FDL traded down $0.20 on Tuesday, reaching $37.70. 170,224 shares of the stock traded hands, compared to its average volume of 718,134. First Trust Morningstar Dividend Leaders Index has a 1-year low of $31.47 and a 1-year high of $39.02. The company’s 50 day moving average is $38.10 and its 200-day moving average is $37.18. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

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.