Mascoma Wealth Management LLC Invests $28,000 in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Mascoma Wealth Management LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 691 shares of the exchange traded fund’s stock, valued at approximately $28,000.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 7.2% during the 3rd quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock valued at $354,685,000 after acquiring an additional 566,772 shares during the period. Raymond James Financial Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $127,327,000. Csenge Advisory Group grew its stake in First Trust Morningstar Dividend Leaders Index by 0.8% during the fourth quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock worth $70,102,000 after buying an additional 13,574 shares in the last quarter. JPMorgan Chase & Co. grew its stake in First Trust Morningstar Dividend Leaders Index by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after buying an additional 71,997 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock valued at $23,381,000 after buying an additional 14,894 shares during the period.

First Trust Morningstar Dividend Leaders Index Trading Up 0.1 %

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $42.58 on Friday. The company has a market cap of $4.86 billion, a PE ratio of 19.12 and a beta of 0.90. The company has a 50 day moving average of $41.95 and a 200-day moving average of $41.88. First Trust Morningstar Dividend Leaders Index has a 1-year low of $36.31 and a 1-year high of $44.35.

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.