1776 Wealth LLC Sells 1,591 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

1776 Wealth LLC cut its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,695 shares of the exchange traded fund’s stock after selling 1,591 shares during the quarter. 1776 Wealth LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDL. Pathway Financial Advisers LLC increased its position in First Trust Morningstar Dividend Leaders Index by 124.5% in the second 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 during the period. Whittier Trust Co. of Nevada Inc. bought a new position in First Trust Morningstar Dividend Leaders Index during the second quarter worth about $38,000. Moisand Fitzgerald Tamayo LLC bought a new position in First Trust Morningstar Dividend Leaders Index during the third quarter worth about $39,000. Blue Trust Inc. bought a new position in First Trust Morningstar Dividend Leaders Index during the third quarter worth about $46,000. Finally, Strategic Financial Concepts LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 1,737.5% during the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after buying an additional 155,103 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL traded down $0.16 during midday trading on Friday, reaching $41.96. 277,083 shares of the company were exchanged, compared to its average volume of 592,144. First Trust Morningstar Dividend Leaders Index has a one year low of $33.33 and a one year high of $42.96. The stock has a market capitalization of $4.38 billion, a P/E ratio of 12.51 and a beta of 0.73. The stock’s 50-day simple moving average is $41.92 and its 200 day simple moving average is $40.07.

First Trust Morningstar Dividend Leaders Index 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.