RiverTree Advisors LLC Buys New Shares in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

RiverTree Advisors LLC purchased a new position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,279 shares of the exchange traded fund’s stock, valued at approximately $347,000. First Trust Morningstar Dividend Leaders Index makes up 0.2% of RiverTree Advisors LLC’s holdings, making the stock its 29th largest holding.

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

First Trust Morningstar Dividend Leaders Index Stock Down 0.2 %

Shares of NYSEARCA:FDL traded down $0.10 during trading on Thursday, hitting $42.07. 51,756 shares of the stock traded hands, compared to its average volume of 607,976. The company has a fifty day moving average price of $41.56 and a two-hundred day moving average price of $39.52. First Trust Morningstar Dividend Leaders Index has a 52-week low of $31.47 and a 52-week high of $42.70. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

About First Trust Morningstar Dividend Leaders Index

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.