First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Sees Unusually-High Trading Volume

First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDLGet Rating) saw strong trading volume on Thursday . 12,881 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 484,914 shares.The stock last traded at $38.94 and had previously closed at $38.84.

The company’s 50 day moving average is $37.14 and its 200 day moving average is $35.65.

A number of hedge funds and other institutional investors have recently bought and sold shares of FDL. FMR LLC increased its position in First Trust Morningstar Dividend Leaders Index by 453,200.0% during the 1st quarter. FMR LLC now owns 4,533 shares of the exchange traded fund’s stock valued at $137,000 after purchasing an additional 4,532 shares during the period. AE Wealth Management LLC increased its position in First Trust Morningstar Dividend Leaders Index by 1.8% during the 3rd quarter. AE Wealth Management LLC now owns 56,410 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,001 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at about $157,000. Benjamin F. Edwards & Company Inc. increased its position in First Trust Morningstar Dividend Leaders Index by 12.4% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 12,130 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 1,335 shares during the period. Finally, Raymond James & Associates increased its position in First Trust Morningstar Dividend Leaders Index by 4.6% during the 3rd quarter. Raymond James & Associates now owns 450,619 shares of the exchange traded fund’s stock valued at $14,762,000 after purchasing an additional 19,720 shares during the period.

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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