First Trust Morningstar Dividend Leaders Index Fund (FDL) Price, Holdings, & News

ETF Overview

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. At the annual rebalance date each June, the Index consists of the top 100 stocks, based on dividend yield, of the securities listed on one of the three exchanges (the New York Stock Exchange, the NYSE Amex or NASDAQ) that have been selected through the application of Morningstar, Inc.'s multi-step screening process. The Fund's investment advisor is First Trust Advisors L.P.

Key Stats

• Today's Range: $43.42 to $43.77
• 50-Day Range: $41.96 to $44.59
• 52-Week Range: $37.29 to $44.66
• Volume: 953,476 shs
• Average Volume: 776,694 shs
• Market Capitalization: $5.66 billion
• Assets Under Management: $5.75 billion
• Dividend Yield: 4.57%
• Net Expense Ratio: 0.43%
• Aggregate Rating: Hold

FDL ETF - Frequently Asked Questions

How have FDL shares performed this year?

First Trust Morningstar Dividend Leaders Index Fund's stock was trading at $40.26 at the start of the year. Since then, FDL shares have increased by 8.2% and is now trading at $43.57.

Who are First Trust Morningstar Dividend Leaders Index Fund's major shareholders?

Top institutional investors of First Trust Morningstar Dividend Leaders Index Fund include Raymond James Financial Inc. (3.25%), Ameriprise Financial Inc. (3.01%), Bank of America Corp DE (1.94%) and Cetera Investment Advisers (1.60%).

How do I buy shares of First Trust Morningstar Dividend Leaders Index Fund?

Shares of FDL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of First Trust Morningstar Dividend Leaders Index Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Trust Morningstar Dividend Leaders Index Fund investors own include Meta Platforms (META), Consumer Discretionary Select Sector SPDR Fund (XLY), AbbVie (ABBV), Duke Energy (DUK), First Trust Senior Loan ETF (FTSL), Garmin (GRMN) and Teladoc Health (TDOC).

Fund Details

• Issuer: First Trust
• Fund Name: First Trust Morningstar Dividend Leaders Index Fund
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:FDL
• Inception Date: 3/9/2006
• Fund Manager: Daniel J. Lindquist, Jon C. Erickson, David G. McGarel, Roger F. Testin, Stan Ueland, Chris A. Peterson
• Web: www.ftportfolios.com
• Phone: +1-800-6211675

Fund Focus

• Asset Class: Equity
• Benchmark: Morningstar Dividend Leaders Index
• Category: Strategy
• Focus: High Dividend Yield
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 101

Fund Statistics

• Assets Under Management: $5.75 billion
• Average Daily Volume: $613.04 thousand
• Discount/Premium: 0.00%

Administrator, Advisor and Custodian

• Administrator: The Bank of New York Mellon Corporation
• Advisor: First Trust Advisors L.P.
• Custodian: The Bank of New York Mellon Corporation
• Distributor: First Trust Portfolios L.P.
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: RBC Capital Markets

Options

• Optionable: Optionable
• Options Volume: 2
• Put Options: 15
• Call Options: 2
• Short Interest: 193,700 shs

Miscellaneous

• Outstanding Shares: 129,950,000
• Beta: 0.86
• Creation Unit: 50,000
• Creation Fee: $500.00