United Bank Sells 757 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

United Bank reduced its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,955 shares of the exchange traded fund’s stock after selling 757 shares during the quarter. United Bank’s holdings in First Trust Morningstar Dividend Leaders Index were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 124.5% in the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 401 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the third quarter valued at about $39,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the second quarter valued at about $38,000. Blue Trust Inc. bought a new position in First Trust Morningstar Dividend Leaders Index during the third quarter worth about $46,000. Finally, Valley National Advisers Inc. increased its position 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 acquiring an additional 1,957 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA:FDL opened at $42.54 on Friday. First Trust Morningstar Dividend Leaders Index has a 52 week low of $32.30 and a 52 week high of $42.96. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The firm’s 50-day simple moving average is $41.85 and its 200 day simple moving average is $39.91.

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.