Great Lakes Advisors LLC Buys New Holdings in First Trust Morningstar Dividend Leaders Index (FDL)

Great Lakes Advisors LLC bought a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the third quarter, HoldingsChannel reports. The institutional investor bought 20,736 shares of the exchange traded fund’s stock, valued at approximately $618,000.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 404.2% in the third quarter. Fifth Third Bancorp now owns 3,454 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 2,769 shares during the last quarter. B. Riley Wealth Management Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter valued at about $321,000. Kovack Advisors Inc. raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 49.3% in the third quarter. Kovack Advisors Inc. now owns 14,643 shares of the exchange traded fund’s stock valued at $437,000 after buying an additional 4,838 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter valued at about $459,000. Finally, High Falls Advisors Inc raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 109.4% in the second quarter. High Falls Advisors Inc now owns 22,804 shares of the exchange traded fund’s stock valued at $652,000 after buying an additional 11,915 shares during the last quarter.

Shares of NYSEARCA:FDL opened at $29.11 on Friday. First Trust Morningstar Dividend Leaders Index has a one year low of $27.37 and a one year high of $31.14.

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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.

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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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