Hobart Private Capital LLC Has $7.65 Million Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Hobart Private Capital LLC increased its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,904 shares of the exchange traded fund’s stock after purchasing an additional 26,819 shares during the period. First Trust Morningstar Dividend Leaders Index makes up 1.9% of Hobart Private Capital LLC’s investment portfolio, making the stock its 16th largest holding. Hobart Private Capital LLC owned about 0.18% of First Trust Morningstar Dividend Leaders Index worth $7,646,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDL. Brookstone Capital Management purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter valued at about $215,000. CWM LLC grew its position in First Trust Morningstar Dividend Leaders Index by 59.5% during the third quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 6,865 shares during the period. Lion Street Advisors LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 5.5% in the third quarter. Lion Street Advisors LLC now owns 21,058 shares of the exchange traded fund’s stock valued at $883,000 after acquiring an additional 1,099 shares during the last quarter. Priebe Wealth Holdings LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 19.9% during the 3rd quarter. Priebe Wealth Holdings LLC now owns 24,062 shares of the exchange traded fund’s stock worth $1,009,000 after purchasing an additional 3,990 shares during the last quarter. Finally, Next Level Private LLC lifted its stake in First Trust Morningstar Dividend Leaders Index by 3.0% in the third quarter. Next Level Private LLC now owns 232,090 shares of the exchange traded fund’s stock valued at $9,736,000 after purchasing an additional 6,811 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA:FDL opened at $41.74 on Friday. First Trust Morningstar Dividend Leaders Index has a 1 year low of $35.45 and a 1 year high of $44.07. The business has a fifty day simple moving average of $41.13 and a two-hundred day simple moving average of $41.40. The company has a market capitalization of $4.35 billion, a P/E ratio of 12.51 and a beta of 0.73.

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.