Wedbush Securities Inc. Increases Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Wedbush Securities Inc. boosted its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,313 shares of the exchange traded fund’s stock after acquiring an additional 517 shares during the quarter. Wedbush Securities Inc. owned 0.09% of First Trust Morningstar Dividend Leaders Index worth $1,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.7% in the 2nd quarter. Bank of America Corp DE now owns 1,688,333 shares of the exchange traded fund’s stock worth $51,730,000 after buying an additional 28,295 shares during the last quarter. Wells Fargo & Company MN boosted its stake in First Trust Morningstar Dividend Leaders Index by 8.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,650,623 shares of the exchange traded fund’s stock valued at $50,575,000 after purchasing an additional 125,262 shares during the last quarter. LPL Financial LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 2.0% during the 2nd quarter. LPL Financial LLC now owns 1,552,601 shares of the exchange traded fund’s stock valued at $47,572,000 after purchasing an additional 31,063 shares during the last quarter. Advisor Group Inc. boosted its stake in First Trust Morningstar Dividend Leaders Index by 3.4% during the 2nd quarter. Advisor Group Inc. now owns 714,531 shares of the exchange traded fund’s stock valued at $21,895,000 after purchasing an additional 23,741 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in First Trust Morningstar Dividend Leaders Index by 1.7% during the 2nd quarter. Royal Bank of Canada now owns 708,962 shares of the exchange traded fund’s stock valued at $21,724,000 after purchasing an additional 11,657 shares during the last quarter.

FDL traded up $0.03 during trading on Friday, hitting $32.51. 130,752 shares of the company’s stock traded hands, compared to its average volume of 180,524. First Trust Morningstar Dividend Leaders Index has a 12-month low of $25.76 and a 12-month high of $32.59. The company’s 50 day simple moving average is $31.15 and its two-hundred day simple moving average is $30.54.

First Trust Morningstar Dividend Leaders Index Company 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.

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Institutional Ownership by Quarter for First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

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