RPS Advisory Solutions LLC Makes New Investment in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

RPS Advisory Solutions LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 48,920 shares of the exchange traded fund’s stock, valued at approximately $1,970,000. First Trust Morningstar Dividend Leaders Index accounts for approximately 1.2% of RPS Advisory Solutions LLC’s holdings, making the stock its 19th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter worth about $46,000. Synergy Asset Management LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $46,000. Valley National Advisers Inc. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 339.2% in the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after acquiring an additional 1,957 shares in the last quarter. Assetmark Inc. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after acquiring an additional 382 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $143,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA:FDL opened at $43.30 on Friday. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a one year low of $36.17 and a one year high of $44.07. The business’s 50-day simple moving average is $41.12 and its 200 day simple moving average is $41.54.

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.