World Equity Group Inc. Buys 3,813 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

World Equity Group Inc. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 130,601 shares of the exchange traded fund’s stock after acquiring an additional 3,813 shares during the period. First Trust Morningstar Dividend Leaders Index makes up about 1.1% of World Equity Group Inc.’s holdings, making the stock its 17th largest holding. World Equity Group Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $5,258,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FDL. LPL Financial LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 7.2% during the 3rd quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock valued at $354,685,000 after purchasing an additional 566,772 shares during the period. Csenge Advisory Group boosted its stake in First Trust Morningstar Dividend Leaders Index by 0.8% during the 4th quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock valued at $70,102,000 after purchasing an additional 13,574 shares during the period. JPMorgan Chase & Co. boosted its stake in First Trust Morningstar Dividend Leaders Index by 7.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after purchasing an additional 71,997 shares during the period. Janney Montgomery Scott LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock valued at $23,381,000 after purchasing an additional 14,894 shares during the period. Finally, Stephens Inc. AR boosted its stake in First Trust Morningstar Dividend Leaders Index by 9.6% during the 4th quarter. Stephens Inc. AR now owns 549,604 shares of the exchange traded fund’s stock valued at $22,127,000 after purchasing an additional 48,174 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of FDL opened at $43.32 on Friday. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The business’s fifty day moving average price is $41.16 and its two-hundred day moving average price is $41.58. First Trust Morningstar Dividend Leaders Index has a 52 week low of $36.19 and a 52 week high of $44.07.

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.