First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Stake Reduced by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC trimmed its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 10.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 206,223 shares of the exchange traded fund’s stock after selling 23,143 shares during the quarter. Steward Partners Investment Advisory LLC owned approximately 0.20% of First Trust Morningstar Dividend Leaders Index worth $8,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter worth approximately $31,000. Synergy Asset Management LLC acquired a new position in First Trust Morningstar Dividend Leaders Index during the 4th quarter worth $46,000. Blue Trust Inc. grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 84.0% in the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after purchasing an additional 913 shares in the last quarter. Assetmark Inc. increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 14.4% during the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 382 shares during the period. Finally, Valley National Advisers Inc. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 33.6% during the fourth quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock valued at $135,000 after purchasing an additional 852 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.2 %

Shares of NYSEARCA:FDL opened at $43.01 on Thursday. The firm has a market cap of $4.91 billion, a P/E ratio of 19.12 and a beta of 0.90. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.31 and a twelve month high of $44.29. The company has a 50 day moving average of $41.60 and a 200-day moving average of $41.78.

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.