Spectrum Wealth Advisory Group LLC Sells 220,753 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Spectrum Wealth Advisory Group LLC reduced its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 78.7% during the third quarter, HoldingsChannel.com reports. The firm owned 59,888 shares of the exchange traded fund’s stock after selling 220,753 shares during the quarter. First Trust Morningstar Dividend Leaders Index makes up about 1.4% of Spectrum Wealth Advisory Group LLC’s portfolio, making the stock its 17th largest holding. Spectrum Wealth Advisory Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,512,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in First Trust Morningstar Dividend Leaders Index by 4,114.5% during 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 buying an additional 5,323,451 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Morningstar Dividend Leaders Index by 1,056.4% during the 1st quarter. Cetera Investment Advisers now owns 2,077,685 shares of the exchange traded fund’s stock valued at $79,949,000 after buying an additional 1,898,023 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in First Trust Morningstar Dividend Leaders Index by 9.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,941,020 shares of the exchange traded fund’s stock valued at $73,623,000 after buying an additional 167,698 shares during the last quarter. Csenge Advisory Group raised its stake in First Trust Morningstar Dividend Leaders Index by 6.1% during the 2nd quarter. Csenge Advisory Group now owns 1,740,756 shares of the exchange traded fund’s stock valued at $66,027,000 after buying an additional 99,653 shares during the last quarter. Finally, Cetera Advisors LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 2.4% in the 1st quarter. Cetera Advisors LLC now owns 1,530,215 shares of the exchange traded fund’s stock worth $58,883,000 after purchasing an additional 36,135 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA:FDL opened at $41.96 on Monday. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a one year low of $33.33 and a one year high of $42.96. The business has a fifty day moving average price of $41.92 and a 200-day moving average price of $40.11.

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.