Sterling Investment Management LLC Takes $208,000 Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Sterling Investment Management LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,800 shares of the exchange traded fund’s stock, valued at approximately $208,000.

Several other hedge funds have also modified their holdings of FDL. CENTRAL TRUST Co purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth about $29,000. Tower Research Capital LLC TRC lifted its stake in First Trust Morningstar Dividend Leaders Index by 541.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 859 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 725 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 2nd quarter worth about $50,000. Whittier Trust Co. acquired a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth about $67,000. Finally, Fortis Capital Advisors LLC acquired a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter worth about $91,000.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL stock opened at $38.19 on Thursday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $31.47 and a fifty-two week high of $38.20. The stock’s 50-day moving average is $36.67 and its two-hundred day moving average is $35.11. The firm has a market cap of $4.83 billion, a P/E ratio of 12.39 and a beta of 0.86.

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.