Hobart Private Capital LLC Raises Stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Hobart Private Capital LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 16.4% during the 4th quarter, Holdings Channel reports. The firm owned 189,904 shares of the exchange traded fund’s stock after acquiring an additional 26,819 shares during the period. First Trust Morningstar Dividend Leaders Index comprises 1.9% of Hobart Private Capital LLC’s investment portfolio, making the stock its 16th biggest position. Hobart Private Capital LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $7,646,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 4,114.5% in the third quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock valued at $228,746,000 after acquiring an additional 5,323,451 shares in the last quarter. LPL Financial LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 7.2% in the 3rd quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after purchasing an additional 566,772 shares during the period. Strategic Financial Concepts LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 4,323.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 233,968 shares of the exchange traded fund’s stock valued at $9,420,000 after buying an additional 228,679 shares during the last quarter. McAdam LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter worth $7,729,000. Finally, Retireful LLC purchased a new position in First Trust Morningstar Dividend Leaders Index during the third quarter valued at $4,872,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of NYSEARCA FDL opened at $41.74 on Friday. The firm’s fifty day moving average is $41.13 and its two-hundred day moving average is $41.40. First Trust Morningstar Dividend Leaders Index has a 52-week low of $35.45 and a 52-week high of $44.07. The company has a market cap of $4.35 billion, a P/E ratio of 12.51 and a beta of 0.73.

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.