First Merchants Corp Takes Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

First Merchants Corp bought a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,889 shares of the exchange traded fund’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Freedom Investment Management Inc. increased its position in First Trust Morningstar Dividend Leaders Index by 4.2% during the third quarter. Freedom Investment Management Inc. now owns 6,074 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 245 shares during the last quarter. Aptus Capital Advisors LLC increased its position in First Trust Morningstar Dividend Leaders Index by 4.5% during the third quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock worth $246,000 after buying an additional 250 shares during the last quarter. KMG Fiduciary Partners LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index by 1.4% in the fourth quarter. KMG Fiduciary Partners LLC now owns 24,417 shares of the exchange traded fund’s stock valued at $983,000 after purchasing an additional 335 shares during the last quarter. Assetmark Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 382 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index by 1.4% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 36,962 shares of the exchange traded fund’s stock valued at $1,488,000 after purchasing an additional 523 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.0 %

First Trust Morningstar Dividend Leaders Index stock opened at $42.59 on Friday. First Trust Morningstar Dividend Leaders Index has a 12 month low of $36.01 and a 12 month high of $44.07. The stock’s 50 day moving average is $41.06 and its 200-day moving average is $41.47. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

First Trust Morningstar Dividend Leaders Index 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.