First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Stake Lessened by Comprehensive Financial Consultants Institutional Inc.

Comprehensive Financial Consultants Institutional Inc. trimmed its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 4.2% during the third quarter, HoldingsChannel reports. The fund owned 49,202 shares of the exchange traded fund’s stock after selling 2,179 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,064,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index by 4,114.5% in the 3rd quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock worth $228,746,000 after acquiring an additional 5,323,451 shares in the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Morningstar Dividend Leaders Index by 1,056.4% in the first quarter. Cetera Investment Advisers now owns 2,077,685 shares of the exchange traded fund’s stock worth $79,949,000 after purchasing an additional 1,898,023 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in First Trust Morningstar Dividend Leaders Index by 9.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,941,020 shares of the exchange traded fund’s stock valued at $73,623,000 after purchasing an additional 167,698 shares during the last quarter. Csenge Advisory Group raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 6.1% during the second quarter. Csenge Advisory Group now owns 1,740,756 shares of the exchange traded fund’s stock worth $66,027,000 after purchasing an additional 99,653 shares during the period. Finally, Cetera Advisors LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 2.4% in the 1st quarter. Cetera Advisors LLC now owns 1,530,215 shares of the exchange traded fund’s stock worth $58,883,000 after buying an additional 36,135 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA FDL opened at $42.51 on Friday. First Trust Morningstar Dividend Leaders Index has a one year low of $32.30 and a one year high of $42.96. The company has a 50-day simple moving average of $41.83 and a 200-day simple moving average of $39.88. The firm has a market capitalization 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.