First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Acquired by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC boosted its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 307.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 79,991 shares of the exchange traded fund’s stock after purchasing an additional 60,371 shares during the period. Icon Wealth Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. CFS Investment Advisory Services LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth approximately $3,563,000. Investors Research Corp raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 11.3% in the 3rd quarter. Investors Research Corp now owns 89,106 shares of the exchange traded fund’s stock worth $3,738,000 after buying an additional 9,041 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 7.2% in the third quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock valued at $354,685,000 after buying an additional 566,772 shares during the period. Darwin Wealth Management LLC bought a new position in First Trust Morningstar Dividend Leaders Index during the third quarter valued at about $161,000. Finally, Retireful LLC bought a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter worth about $4,872,000.

First Trust Morningstar Dividend Leaders Index Trading Up 1.2 %

NYSEARCA:FDL opened at $42.83 on Friday. The company has a 50-day moving average of $42.01 and a 200-day moving average of $40.21. First Trust Morningstar Dividend Leaders Index has a twelve month low of $33.73 and a twelve month high of $42.96. The firm has a market cap of $4.47 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.