Thurston Springer Miller Herd & Titak Inc. Invests $131,000 in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Thurston Springer Miller Herd & Titak Inc. acquired a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,464 shares of the exchange traded fund’s stock, valued at approximately $131,000.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $43,000. Cullen Frost Bankers Inc. acquired a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $47,000. Sound Income Strategies LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index in the first quarter valued at approximately $62,000. Palisade Asset Management LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index in the first quarter valued at approximately $81,000. Finally, Transcendent Capital Group LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $79,000.

First Trust Morningstar Dividend Leaders Index Stock Up 0.6 %

FDL stock traded up $0.22 during trading on Tuesday, hitting $39.27. 828,776 shares of the company’s stock traded hands, compared to its average volume of 685,095. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $40.92. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The stock has a fifty day moving average price of $38.69 and a two-hundred day moving average price of $37.76.

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.