First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors reduced its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 974,990 shares of the exchange traded fund’s stock after selling 66,245 shares during the period. First Trust Morningstar Dividend Leaders Index accounts for about 4.9% of TRUE Private Wealth Advisors’ investment portfolio, making the stock its 5th largest position. TRUE Private Wealth Advisors owned 0.93% of First Trust Morningstar Dividend Leaders Index worth $40,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Pathway Financial Advisers LLC raised its position in First Trust Morningstar Dividend Leaders Index by 124.5% in the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 401 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 2nd quarter valued at about $38,000. Moisand Fitzgerald Tamayo LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth approximately $39,000. Blue Trust Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth approximately $46,000. Finally, Strategic Financial Concepts LLC grew its position in First Trust Morningstar Dividend Leaders Index by 1,737.5% in the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL stock opened at $43.95 on Friday. The company’s fifty day moving average price is $42.20 and its two-hundred day moving average price is $40.40. The firm has a market capitalization of $4.58 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 12 month low of $34.25 and a 12 month high of $44.07.

First Trust Morningstar Dividend Leaders Index 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.