Advisory Alpha LLC Sells 116,544 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Advisory Alpha LLC trimmed its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 72.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,477 shares of the exchange traded fund’s stock after selling 116,544 shares during the quarter. Advisory Alpha LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,687,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 1,056.4% during the first quarter. Cetera Investment Advisers now owns 2,077,685 shares of the exchange traded fund’s stock valued at $79,949,000 after purchasing an additional 1,898,023 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of 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 worth $73,623,000 after purchasing an additional 167,698 shares in the last quarter. Csenge Advisory Group boosted its stake in 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 valued at $66,027,000 after buying an additional 99,653 shares during the last quarter. Cetera Advisors LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 2.4% during the first quarter. Cetera Advisors LLC now owns 1,530,215 shares of the exchange traded fund’s stock valued at $58,883,000 after buying an additional 36,135 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,447,886 shares of the exchange traded fund’s stock valued at $54,918,000 after purchasing an additional 52,303 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA:FDL opened at $41.95 on Tuesday. The business has a 50 day simple moving average of $40.85 and a 200-day simple moving average of $39.05. First Trust Morningstar Dividend Leaders Index has a 1 year low of $31.47 and a 1 year high of $42.21. The firm has a market capitalization of $4.38 billion, a price-to-earnings 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.