Mattern Wealth Management LLC Decreases Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Mattern Wealth Management LLC trimmed its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,983 shares of the exchange traded fund’s stock after selling 1,715 shares during the period. Mattern Wealth Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDL. Cetera Investment Advisers grew its holdings in First Trust Morningstar Dividend Leaders Index by 1,056.4% in the 1st quarter. Cetera Investment Advisers now owns 2,077,685 shares of the exchange traded fund’s stock worth $79,949,000 after acquiring an additional 1,898,023 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust Morningstar Dividend Leaders Index by 9.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,941,020 shares of the exchange traded fund’s stock worth $73,623,000 after acquiring an additional 167,698 shares in the last quarter. Csenge Advisory Group lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 6.1% in 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 purchasing an additional 99,653 shares during the period. Cetera Advisors LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 2.4% in the first 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 during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Morningstar Dividend Leaders Index by 3.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,447,886 shares of the exchange traded fund’s stock worth $54,918,000 after purchasing an additional 52,303 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.1 %

FDL traded up $0.05 during midday trading on Tuesday, reaching $41.98. The company’s stock had a trading volume of 98,845 shares, compared to its average volume of 611,322. The stock’s 50-day moving average is $41.47 and its 200-day moving average is $39.47. First Trust Morningstar Dividend Leaders Index has a 1 year low of $31.47 and a 1 year high of $42.70. 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 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.