MML Investors Services LLC Has $5.59 Million Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

MML Investors Services LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,793 shares of the exchange traded fund’s stock after buying an additional 4,943 shares during the period. MML Investors Services LLC owned about 0.13% of First Trust Morningstar Dividend Leaders Index worth $5,588,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FDL. LPL Financial LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 7.8% during the fourth quarter. LPL Financial LLC now owns 9,111,719 shares of the exchange traded fund’s stock valued at $366,838,000 after purchasing an additional 656,768 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at $127,327,000. Wells Fargo & Company MN grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,739,773 shares of the exchange traded fund’s stock valued at $110,303,000 after buying an additional 272,247 shares in the last quarter. Rockport Wealth LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 19.6% during the fourth quarter. Rockport Wealth LLC now owns 1,951,507 shares of the exchange traded fund’s stock worth $78,568,000 after buying an additional 319,857 shares during the last quarter. Finally, Csenge Advisory Group raised its position in First Trust Morningstar Dividend Leaders Index by 0.8% during the fourth quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock worth $70,102,000 after acquiring an additional 13,574 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL stock opened at $40.69 on Friday. The stock has a market cap of $5.15 billion, a P/E ratio of 14.88 and a beta of 0.77. The company has a fifty day moving average price of $42.00 and a two-hundred day moving average price of $41.82. First Trust Morningstar Dividend Leaders Index has a one year low of $37.13 and a one year high of $44.35.

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.