Y Intercept Hong Kong Ltd Makes New Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Y Intercept Hong Kong Ltd purchased a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 3rd quarter, Holdings Channel reports. The firm purchased 7,571 shares of the exchange traded fund’s stock, valued at approximately $318,000.

Other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 124.5% in the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the second quarter valued at approximately $38,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter valued at approximately $39,000. Blue Trust Inc. acquired a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter worth approximately $46,000. Finally, Strategic Financial Concepts LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 1,737.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after acquiring an additional 155,103 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of FDL opened at $40.81 on Wednesday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $35.03 and a fifty-two week high of $44.07. The stock has a fifty day moving average of $42.38 and a two-hundred day moving average of $40.77. The company has a market capitalization of $4.26 billion, a PE 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.