Nwam LLC Makes New Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Nwam LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,745 shares of the exchange traded fund’s stock, valued at approximately $870,000.

A number of other institutional investors have also recently made changes to their positions in FDL. Pathway Financial Advisers LLC lifted its position in First Trust Morningstar Dividend Leaders Index by 124.5% during the second 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 during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the 2nd quarter valued at $38,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth $39,000. Blue Trust Inc. bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth $46,000. Finally, Strategic Financial Concepts LLC increased its position in First Trust Morningstar Dividend Leaders Index by 1,737.5% during the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 155,103 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of NYSEARCA:FDL opened at $43.34 on Friday. The stock’s 50-day simple moving average is $42.05 and its two-hundred day simple moving average is $40.26. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52-week low of $33.83 and a 52-week high of $43.37.

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.