First Trust Morningstar Dividend Leaders Index (FDL) Sees Strong Trading Volume

First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) saw an uptick in trading volume on Thursday . 724,862 shares were traded during mid-day trading, an increase of 323% from the previous session’s volume of 171,287 shares.The stock last traded at $29.00 and had previously closed at $28.90.

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 6.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,325,170 shares of the exchange traded fund’s stock worth $39,504,000 after acquiring an additional 75,950 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.0% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 621,582 shares of the exchange traded fund’s stock worth $18,529,000 after acquiring an additional 6,453 shares during the last quarter. Stephens Inc. AR boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 4.7% during the 2nd quarter. Stephens Inc. AR now owns 293,772 shares of the exchange traded fund’s stock worth $8,399,000 after acquiring an additional 13,310 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 2.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 229,136 shares of the exchange traded fund’s stock worth $6,551,000 after acquiring an additional 4,859 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 5.5% during the 2nd quarter. Baird Financial Group Inc. now owns 215,409 shares of the exchange traded fund’s stock worth $6,159,000 after acquiring an additional 11,209 shares during the last quarter.

About First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

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.

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