Sanctuary Advisors LLC Cuts Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Sanctuary Advisors LLC reduced its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,446 shares of the exchange traded fund’s stock after selling 1,874 shares during the period. Sanctuary Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at approximately $46,000. Synergy Asset Management LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at $46,000. Valley National Advisers Inc. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 339.2% during the 3rd 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 last quarter. Assetmark Inc. boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after buying an additional 382 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth about $143,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.6 %

NYSEARCA:FDL opened at $43.57 on Tuesday. The company has a market capitalization of $4.54 billion, a P/E ratio of 12.51 and a beta of 0.73. The firm has a 50-day moving average price of $41.21 and a two-hundred day moving average price of $41.63. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.19 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.