First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC reduced its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,084 shares of the exchange traded fund’s stock after selling 6,090 shares during the quarter. Advisory Alpha LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,332,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FDL. LPL Financial LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 7.2% during the third quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock valued at $354,685,000 after buying an additional 566,772 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 4,114.5% in the 3rd quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock valued at $228,746,000 after acquiring an additional 5,323,451 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,447,886 shares of the exchange traded fund’s stock valued at $54,918,000 after purchasing an additional 52,303 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after purchasing an additional 71,997 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 565,850 shares of the exchange traded fund’s stock worth $23,737,000 after purchasing an additional 3,032 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

FDL stock opened at $41.41 on Wednesday. The firm has a market cap of $4.32 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 12 month low of $35.45 and a 12 month high of $44.07. The firm has a 50 day simple moving average of $41.49 and a 200 day simple moving average of $41.20.

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.