Foundations Investment Advisors LLC Trims Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Foundations Investment Advisors LLC lessened its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,749 shares of the exchange traded fund’s stock after selling 1,124 shares during the quarter. Foundations Investment Advisors LLC owned approximately 0.07% of First Trust Morningstar Dividend Leaders Index worth $2,848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC raised its holdings in First Trust Morningstar Dividend Leaders Index by 124.5% in the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 401 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter valued at about $39,000. Blue Trust Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter valued at about $46,000. Valley National Advisers Inc. raised its stake in First Trust Morningstar Dividend Leaders Index by 339.2% in the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after buying an additional 1,957 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 14.4% in the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after buying an additional 382 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

First Trust Morningstar Dividend Leaders Index stock opened at $41.98 on Tuesday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $35.45 and a fifty-two week high of $44.07. The stock’s 50 day simple moving average is $41.42 and its two-hundred day simple moving average is $41.29. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

About First Trust Morningstar Dividend Leaders Index

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.