Oppenheimer & Co. Inc. Trims Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Oppenheimer & Co. Inc. decreased its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,386 shares of the exchange traded fund’s stock after selling 3,435 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.06% of First Trust Morningstar Dividend Leaders Index worth $2,743,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its stake in shares of 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 valued at $27,000 after acquiring an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 2nd quarter worth $38,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth about $39,000. Blue Trust Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $46,000. Finally, Strategic Financial Concepts LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 1,737.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after acquiring an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA FDL opened at $41.96 on Friday. The firm’s fifty day moving average price is $41.92 and its 200 day moving average price is $40.09. First Trust Morningstar Dividend Leaders Index has a 12 month low of $33.33 and a 12 month high of $42.96. The company 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.