Cetera Investment Advisers Cuts Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Cetera Investment Advisers trimmed its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 15.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,757,771 shares of the exchange traded fund’s stock after selling 319,914 shares during the quarter. Cetera Investment Advisers owned 1.69% of First Trust Morningstar Dividend Leaders Index worth $66,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $247,000. Jones Financial Companies Lllp purchased a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $43,000. Waterloo Capital L.P. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter worth $270,000. XML Financial LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index by 20.3% during the fourth quarter. XML Financial LLC now owns 9,703 shares of the exchange traded fund’s stock worth $348,000 after acquiring an additional 1,634 shares during the period. Finally, Bennett Associates Wealth Management acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at $3,031,000.

First Trust Morningstar Dividend Leaders Index Price Performance

FDL stock opened at $41.80 on Wednesday. The business’s 50-day moving average is $40.89 and its two-hundred day moving average is $39.08. The firm has a market capitalization of $4.36 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1 year low of $31.47 and a 1 year high of $42.21.

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.