Collaborative Wealth Managment Inc. Has $2.32 Million Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Collaborative Wealth Managment Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 0.8% in the fourth quarter, Holdings Channel reports. The firm owned 57,714 shares of the exchange traded fund’s stock after buying an additional 435 shares during the quarter. First Trust Morningstar Dividend Leaders Index accounts for approximately 1.1% of Collaborative Wealth Managment Inc.’s holdings, making the stock its 24th biggest holding. Collaborative Wealth Managment Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,324,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mascoma Wealth Management LLC bought a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $31,000. Synergy Asset Management LLC bought a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $46,000. Blue Trust Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 84.0% during the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after acquiring an additional 913 shares in the last quarter. Finally, Pillar Financial Advisors LLC bought a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $106,000.

First Trust Morningstar Dividend Leaders Index Trading Up 1.1 %

FDL stock opened at $43.06 on Friday. The business’s 50-day moving average price is $42.04 and its two-hundred day moving average price is $41.90. The firm has a market cap of $5.19 billion, a PE ratio of 17.05 and a beta of 0.87. First Trust Morningstar Dividend Leaders Index has a 1-year low of $36.31 and a 1-year high of $44.35.

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.