Silver Oak Securities Incorporated Boosts Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Silver Oak Securities Incorporated lifted its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 15.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,209 shares of the exchange traded fund’s stock after purchasing an additional 3,027 shares during the quarter. Silver Oak Securities Incorporated’s holdings in First Trust Morningstar Dividend Leaders Index were worth $927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Portfolio Partners LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 0.9% in the 1st quarter. Private Portfolio Partners LLC now owns 32,698 shares of the exchange traded fund’s stock worth $1,258,000 after purchasing an additional 279 shares in the last quarter. Creative Planning lifted its holdings in First Trust Morningstar Dividend Leaders Index by 1.1% in the 2nd quarter. Creative Planning now owns 29,159 shares of the exchange traded fund’s stock worth $1,106,000 after buying an additional 328 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 0.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 63,357 shares of the exchange traded fund’s stock worth $2,403,000 after buying an additional 359 shares during the period. Blair William & Co. IL lifted its holdings in First Trust Morningstar Dividend Leaders Index by 4.9% in the 2nd quarter. Blair William & Co. IL now owns 7,773 shares of the exchange traded fund’s stock worth $295,000 after buying an additional 364 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 1.8% in the 2nd quarter. Larson Financial Group LLC now owns 20,953 shares of the exchange traded fund’s stock worth $795,000 after buying an additional 370 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA FDL opened at $41.71 on Friday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $31.47 and a fifty-two week high of $42.70. The stock has a 50 day simple moving average of $41.63 and a two-hundred day simple moving average of $39.57. The stock has a market cap 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.