Kovack Advisors Inc. Purchases 1,160 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Kovack Advisors Inc. boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,941 shares of the exchange traded fund’s stock after purchasing an additional 1,160 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $711,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Aptus Capital Advisors LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4.5% in the third quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock valued at $246,000 after buying an additional 250 shares during the last quarter. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $3,012,000. Tyler Stone Wealth Management raised its position in shares of First Trust Morningstar Dividend Leaders Index by 216.9% during the third quarter. Tyler Stone Wealth Management now owns 9,755 shares of the exchange traded fund’s stock worth $409,000 after acquiring an additional 6,677 shares during the last quarter. XML Financial LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 34.9% during the third quarter. XML Financial LLC now owns 13,024 shares of the exchange traded fund’s stock valued at $546,000 after acquiring an additional 3,370 shares during the period. Finally, Atria Investments Inc lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.6% during the third quarter. Atria Investments Inc now owns 35,197 shares of the exchange traded fund’s stock valued at $1,477,000 after acquiring an additional 558 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Up 0.5 %

Shares of FDL stock opened at $42.14 on Thursday. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 12 month low of $32.95 and a 12 month high of $42.96. The stock has a 50-day moving average price of $41.88 and a 200 day moving average price of $40.02.

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.