Country Trust Bank Makes New $120,000 Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Country Trust Bank bought a new position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 4,600 shares of the exchange traded fund’s stock, valued at approximately $120,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Morgan Stanley boosted its holdings in First Trust Morningstar Dividend Leaders Index by 15.3% in the first quarter. Morgan Stanley now owns 3,638,679 shares of the exchange traded fund’s stock worth $81,252,000 after acquiring an additional 482,162 shares in the last quarter. Advisor Group Holdings Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index in the first quarter worth $16,493,000. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Morningstar Dividend Leaders Index by 13.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 539,027 shares of the exchange traded fund’s stock worth $13,670,000 after acquiring an additional 64,439 shares in the last quarter. HC Advisors LLC bought a new stake in First Trust Morningstar Dividend Leaders Index in the second quarter worth $6,216,000. Finally, Stifel Financial Corp boosted its holdings in First Trust Morningstar Dividend Leaders Index by 0.9% in the second quarter. Stifel Financial Corp now owns 226,531 shares of the exchange traded fund’s stock worth $5,745,000 after acquiring an additional 2,069 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index stock traded up $0.10 during mid-day trading on Friday, hitting $27.04. The company had a trading volume of 302,193 shares, compared to its average volume of 361,881. The stock’s 50 day moving average price is $26.71 and its two-hundred day moving average price is $25.70. First Trust Morningstar Dividend Leaders Index has a 12 month low of $18.84 and a 12 month high of $32.77.

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.

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Want to see what other hedge funds are holding FDL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL).

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

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