First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. raised its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,268 shares of the exchange traded fund’s stock after acquiring an additional 327 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $695,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 7.2% in the third quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after purchasing an additional 566,772 shares in the last quarter. Csenge Advisory Group boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 0.8% in the 4th quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock worth $70,102,000 after purchasing an additional 13,574 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 7.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after buying an additional 71,997 shares during the period. Janney Montgomery Scott LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock valued at $23,381,000 after purchasing an additional 14,894 shares during the period. Finally, Stephens Inc. AR increased its position in shares of First Trust Morningstar Dividend Leaders Index by 9.6% in the 4th quarter. Stephens Inc. AR now owns 549,604 shares of the exchange traded fund’s stock valued at $22,127,000 after buying an additional 48,174 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA:FDL opened at $43.33 on Friday. The company has a market cap of $4.94 billion, a PE ratio of 19.12 and a beta of 0.90. First Trust Morningstar Dividend Leaders Index has a 52-week low of $36.25 and a 52-week high of $44.07. The stock has a 50-day simple moving average of $41.41 and a 200 day simple moving average of $41.68.

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.