Founders Grove Wealth Partners LLC Invests $3.14 Million in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Founders Grove Wealth Partners LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 78,011 shares of the exchange traded fund’s stock, valued at approximately $3,141,000. Founders Grove Wealth Partners LLC owned about 0.07% of First Trust Morningstar Dividend Leaders Index as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position 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 worth $42,667,000 after purchasing an additional 71,997 shares during the period. FMR LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 67.8% during the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock worth $968,000 after purchasing an additional 9,320 shares during the period. CWM LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 59.5% in the 3rd quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 6,865 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in First Trust Morningstar Dividend Leaders Index by 15.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 86,644 shares of the exchange traded fund’s stock valued at $3,286,000 after buying an additional 11,607 shares during the last quarter. Finally, Blue Trust Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $46,000.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA:FDL opened at $40.33 on Wednesday. The firm has a 50-day moving average of $41.63 and a two-hundred day moving average of $41.09. The stock has a market cap of $4.21 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1-year low of $35.03 and a 1-year high of $44.07.

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.