SRS Capital Advisors Inc. Makes New $3.70 Million Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

SRS Capital Advisors Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 92,002 shares of the exchange traded fund’s stock, valued at approximately $3,704,000. SRS Capital Advisors Inc. owned about 0.09% of First Trust Morningstar Dividend Leaders Index at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FDL. Blue Trust Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at about $46,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 8.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,846 shares of the exchange traded fund’s stock valued at $2,007,000 after acquiring an additional 3,530 shares during the last quarter. Financial Advocates Investment Management boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 235.1% during the 3rd quarter. Financial Advocates Investment Management now owns 22,884 shares of the exchange traded fund’s stock valued at $960,000 after acquiring an additional 16,054 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 2,037.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 21,373 shares of the exchange traded fund’s stock valued at $897,000 after acquiring an additional 20,373 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 0.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 565,850 shares of the exchange traded fund’s stock valued at $23,737,000 after acquiring an additional 3,032 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 1.3 %

Shares of FDL stock opened at $43.88 on Friday. The company’s 50-day moving average price is $41.48 and its 200-day moving average price is $41.72. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 19.12 and a beta of 0.90. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.25 and a twelve month high of $44.07.

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.