Financial Advocates Investment Management Lowers Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Financial Advocates Investment Management decreased its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 77.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,096 shares of the exchange traded fund’s stock after selling 17,788 shares during the period. Financial Advocates Investment Management’s holdings in First Trust Morningstar Dividend Leaders Index were worth $205,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FDL. Blue Trust Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter worth $46,000. Synergy Asset Management LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth $46,000. Valley National Advisers Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 339.2% during the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after buying an additional 1,957 shares during the period. Assetmark Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 14.4% during the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after buying an additional 382 shares during the period. Finally, Crews Bank & Trust purchased a new stake in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth $143,000.

First Trust Morningstar Dividend Leaders Index Stock Up 0.3 %

First Trust Morningstar Dividend Leaders Index stock opened at $41.86 on Tuesday. The business has a fifty day moving average of $41.10 and a two-hundred day moving average of $41.43. The firm has a market cap of $4.37 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a twelve month low of $35.45 and a twelve month high of $44.07.

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.