Quad Cities Investment Group LLC Trims Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Quad Cities Investment Group LLC trimmed its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,651 shares of the exchange traded fund’s stock after selling 762 shares during the quarter. First Trust Morningstar Dividend Leaders Index comprises about 1.1% of Quad Cities Investment Group LLC’s investment portfolio, making the stock its 25th biggest holding. Quad Cities Investment Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,125,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FDL. Pathway Financial Advisers LLC boosted its holdings 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 acquiring an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in First Trust Morningstar Dividend Leaders Index in the 2nd quarter worth about $38,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at about $39,000. Sound Income Strategies LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 1st quarter valued at about $62,000. Finally, Strategic Financial Concepts LLC increased its stake in 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 valued at $62,000 after purchasing an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Down 0.3 %

FDL stock traded down $0.13 during midday trading on Thursday, hitting $42.44. The company’s stock had a trading volume of 125,667 shares, compared to its average volume of 613,893. The firm’s 50-day moving average is $41.31 and its 200-day moving average is $39.38. First Trust Morningstar Dividend Leaders Index has a 12 month low of $31.47 and a 12 month high of $42.70. The company has a market cap of $4.43 billion, a PE ratio of 12.51 and a beta of 0.73.

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.