B. Riley Wealth Advisors Inc. Acquires 6,459 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

B. Riley Wealth Advisors Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 9.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 75,037 shares of the exchange traded fund’s stock after acquiring an additional 6,459 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at $43,000. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth about $47,000. Sound Income Strategies LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 1st quarter worth about $62,000. Transcendent Capital Group LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth about $79,000. Finally, Palisade Asset Management LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the 1st quarter worth about $81,000.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $40.64 on Thursday. The company has a 50-day moving average of $38.54 and a 200 day moving average of $37.63. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1 year low of $31.47 and a 1 year high of $40.92.

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.