Claro Advisors LLC Trims Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Claro Advisors LLC reduced its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 25.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,228 shares of the exchange traded fund’s stock after selling 3,222 shares during the period. Claro Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth $43,000. Cullen Frost Bankers Inc. acquired a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth $47,000. Sound Income Strategies LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index in the first quarter worth $62,000. Transcendent Capital Group LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth $79,000. Finally, GAMMA Investing LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth $93,000.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL traded down $0.03 during trading hours on Monday, reaching $37.90. 910,925 shares of the company’s stock traded hands, compared to its average volume of 722,517. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a twelve month low of $31.47 and a twelve month high of $39.02. The business’s fifty day simple moving average is $38.09 and its two-hundred day simple moving average is $37.17.

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.