First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 354,227 shares, an increase of 66.7% from the August 15th total of 212,477 shares. Based on an average trading volume of 590,995 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are short sold.
Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index Fund
Several institutional investors and hedge funds have recently bought and sold shares of FDL. LPL Financial LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.7% during the 4th quarter. LPL Financial LLC now owns 12,408,286 shares of the exchange traded fund’s stock worth $550,183,000 after buying an additional 202,537 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Morningstar Dividend Leaders Index Fund by 1.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,835,786 shares of the exchange traded fund’s stock worth $81,399,000 after acquiring an additional 29,465 shares during the last quarter. Private Advisor Group LLC increased its stake in First Trust Morningstar Dividend Leaders Index Fund by 2.9% during the first quarter. Private Advisor Group LLC now owns 1,219,939 shares of the exchange traded fund’s stock worth $61,973,000 after acquiring an additional 34,464 shares during the last quarter. Kestra Advisory Services LLC raised its position in First Trust Morningstar Dividend Leaders Index Fund by 46.1% in the first quarter. Kestra Advisory Services LLC now owns 696,641 shares of the exchange traded fund’s stock valued at $35,389,000 after purchasing an additional 219,965 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in First Trust Morningstar Dividend Leaders Index Fund by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 657,281 shares of the exchange traded fund’s stock valued at $33,390,000 after purchasing an additional 2,413 shares during the period.
First Trust Morningstar Dividend Leaders Index Fund Trading Down 1.4%
Shares of FDL stock opened at $51.67 on Thursday. First Trust Morningstar Dividend Leaders Index Fund has a twelve month low of $42.10 and a twelve month high of $53.76. The company’s 50-day moving average price is $52.03 and its 200-day moving average price is $50.70. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 13.96 and a beta of 0.58.
About First Trust Morningstar Dividend Leaders Index Fund
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. The objective of the Index is to offer investors a benchmark for dividend portfolios, as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends, as well as the ability to sustain them.
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