Monument Group Wealth Advisors LLC Acquires New Shares in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Monument Group Wealth Advisors LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,350 shares of the exchange traded fund’s stock, valued at approximately $371,000. First Trust Morningstar Dividend Leaders Index makes up about 0.3% of Monument Group Wealth Advisors LLC’s investment portfolio, making the stock its 24th largest position.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in First Trust Morningstar Dividend Leaders Index by 4,153.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,647,283 shares of the exchange traded fund’s stock worth $166,745,000 after purchasing an additional 4,538,031 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of First Trust Morningstar Dividend Leaders Index by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 2,565,995 shares of the exchange traded fund’s stock worth $85,829,000 after buying an additional 163,492 shares in the last quarter. Elevated Capital Advisors LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 148.5% in the third quarter. Elevated Capital Advisors LLC now owns 270,923 shares of the exchange traded fund’s stock worth $9,060,000 after buying an additional 161,913 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter valued at $4,625,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $4,065,000.

First Trust Morningstar Dividend Leaders Index Stock Up 1.0 %

Shares of NYSEARCA FDL opened at $37.87 on Wednesday. The stock’s 50-day simple moving average is $37.25 and its two-hundred day simple moving average is $35.61. First Trust Morningstar Dividend Leaders Index has a twelve month low of $31.47 and a twelve month high of $38.54. The firm has a market capitalization of $4.00 billion, a P/E ratio of 12.41 and a beta of 0.73.

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.