Wetzel Investment Advisors Inc. Acquires Shares of 113,293 First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Wetzel Investment Advisors Inc. acquired a new stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, Holdings Channel reports. The fund acquired 113,293 shares of the exchange traded fund’s stock, valued at approximately $4,065,000. First Trust Morningstar Dividend Leaders Index accounts for 2.5% of Wetzel Investment Advisors Inc.’s investment portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. CENTRAL TRUST Co bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 541.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 859 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 725 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 2nd quarter worth approximately $50,000. Whittier Trust Co. bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth approximately $67,000. Finally, Fortis Capital Advisors LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $91,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of First Trust Morningstar Dividend Leaders Index stock traded up $0.63 on Friday, reaching $37.25. 1,623,201 shares of the stock were exchanged, compared to its average volume of 823,478. The firm’s 50 day moving average is $37.18 and its 200-day moving average is $35.50. First Trust Morningstar Dividend Leaders Index has a one year low of $31.47 and a one year high of $38.54. The firm has a market cap of $3.93 billion, a PE ratio of 12.41 and a beta of 0.73.

First Trust Morningstar Dividend Leaders Index Company 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.