Commonwealth Equity Services LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 12.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 253,809 shares of the exchange traded fund’s stock after buying an additional 29,020 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $7,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDL. Capital Investment Advisory Services LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $64,000. Global Retirement Partners LLC increased its position in First Trust Morningstar Dividend Leaders Index by 90.9% during the 4th quarter. Global Retirement Partners LLC now owns 3,241 shares of the exchange traded fund’s stock worth $88,000 after purchasing an additional 1,543 shares during the period. Financial Advocates Investment Management increased its position in First Trust Morningstar Dividend Leaders Index by 4.2% during the 4th quarter. Financial Advocates Investment Management now owns 11,346 shares of the exchange traded fund’s stock worth $111,000 after purchasing an additional 456 shares during the period. Pinnacle Bank acquired a new position in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $126,000. Finally, Genesee Capital Advisors LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $133,000.

Shares of NYSEARCA:FDL opened at $30.26 on Wednesday. First Trust Morningstar Dividend Leaders Index has a 12 month low of $25.76 and a 12 month high of $30.59.

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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.

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Want to see what other hedge funds are holding FDL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL).

Institutional Ownership by Quarter for First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

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