Mutual Advisors LLC Has $254,000 Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Mutual Advisors LLC lessened its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,213 shares of the exchange traded fund’s stock after selling 405 shares during the period. Mutual Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDL. Freedom Investment Management Inc. grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 4.2% in the third quarter. Freedom Investment Management Inc. now owns 6,074 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 245 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 4.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock worth $246,000 after purchasing an additional 250 shares in the last quarter. Creative Planning grew its holdings in First Trust Morningstar Dividend Leaders Index by 1.1% during the 2nd quarter. Creative Planning now owns 29,159 shares of the exchange traded fund’s stock worth $1,106,000 after acquiring an additional 328 shares during the last quarter. KMG Fiduciary Partners LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.4% in the fourth quarter. KMG Fiduciary Partners LLC now owns 24,417 shares of the exchange traded fund’s stock worth $983,000 after purchasing an additional 335 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in First Trust Morningstar Dividend Leaders Index by 14.4% in the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after acquiring an additional 382 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Down 0.8 %

Shares of FDL opened at $41.63 on Wednesday. First Trust Morningstar Dividend Leaders Index has a 12 month low of $35.45 and a 12 month high of $44.07. The firm’s fifty day simple moving average is $41.41 and its two-hundred day simple moving average is $41.31. The stock has a market capitalization of $4.34 billion, a P/E 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.