First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL – Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 288,808 shares, a decline of 38.0% from the September 30th total of 465,975 shares. Based on an average daily trading volume, of 653,258 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.
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 the business. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 7.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,524,238 shares of the exchange traded fund’s stock worth $74,169,000 after purchasing an additional 104,421 shares during the period. Commonwealth Equity Services LLC acquired a new position in First Trust Morningstar Dividend Leaders Index Fund in the 3rd quarter valued at approximately $46,996,000. Kestra Advisory Services LLC lifted its position in First Trust Morningstar Dividend Leaders Index Fund by 46.1% in the 1st quarter. Kestra Advisory Services LLC now owns 696,641 shares of the exchange traded fund’s stock worth $35,389,000 after buying an additional 219,965 shares in the last quarter. D.A. Davidson & CO. lifted its position in First Trust Morningstar Dividend Leaders Index Fund by 10.7% in the 1st quarter. D.A. Davidson & CO. now owns 441,547 shares of the exchange traded fund’s stock worth $22,431,000 after buying an additional 42,785 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in First Trust Morningstar Dividend Leaders Index Fund by 16.6% in the 2nd quarter. RFG Advisory LLC now owns 384,975 shares of the exchange traded fund’s stock worth $18,733,000 after buying an additional 54,704 shares in the last quarter.
First Trust Morningstar Dividend Leaders Index Fund Stock Performance
NYSEARCA:FDL traded up $0.34 during trading hours on Monday, hitting $54.19. 570,171 shares of the company’s stock traded hands, compared to its average volume of 926,306. The stock’s fifty day moving average price is $51.59 and its two-hundred day moving average price is $50.42. The firm has a market cap of $8.44 billion, a P/E ratio of 13.96 and a beta of 0.58. First Trust Morningstar Dividend Leaders Index Fund has a twelve month low of $42.10 and a twelve month high of $54.24.
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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