Proactive Wealth Strategies LLC Invests $3.01 Million in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Proactive Wealth Strategies LLC bought a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 71,806 shares of the exchange traded fund’s stock, valued at approximately $3,012,000. First Trust Morningstar Dividend Leaders Index accounts for about 1.7% of Proactive Wealth Strategies LLC’s investment portfolio, making the stock its 14th biggest holding.

Other hedge funds have also bought and sold shares of the company. Tyler Stone Wealth Management raised its stake in First Trust Morningstar Dividend Leaders Index by 216.9% in the third quarter. Tyler Stone Wealth Management now owns 9,755 shares of the exchange traded fund’s stock valued at $409,000 after buying an additional 6,677 shares during the period. XML Financial LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 34.9% during the 3rd quarter. XML Financial LLC now owns 13,024 shares of the exchange traded fund’s stock worth $546,000 after acquiring an additional 3,370 shares during the last quarter. Atria Investments Inc raised its stake in First Trust Morningstar Dividend Leaders Index by 1.6% in the 3rd 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. Assetmark Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 14.4% during the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 382 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 1.7% during the third quarter. Concurrent Investment Advisors LLC now owns 107,210 shares of the exchange traded fund’s stock worth $4,497,000 after purchasing an additional 1,816 shares during the period.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL opened at $42.24 on Tuesday. The company’s 50-day moving average is $41.86 and its 200-day moving average is $39.97. The firm has a market capitalization of $4.41 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $32.41 and a fifty-two week high of $42.96.

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.