First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 97.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 124,627 shares of the exchange traded fund’s stock after selling 5,328,206 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $5,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 67.8% in the third quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock valued at $968,000 after buying an additional 9,320 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after purchasing an additional 71,997 shares during the period. CWM LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 59.5% in the third quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock valued at $772,000 after acquiring an additional 6,865 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 15.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 86,644 shares of the exchange traded fund’s stock valued at $3,286,000 after acquiring an additional 11,607 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth $46,000.

First Trust Morningstar Dividend Leaders Index Stock Down 0.8 %

NYSEARCA FDL traded down $0.33 during trading hours on Wednesday, hitting $39.96. 104,593 shares of the company were exchanged, compared to its average volume of 428,179. The company has a 50 day moving average of $41.81 and a two-hundred day moving average of $41.02. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52-week low of $35.03 and a 52-week high of $44.07.

First Trust Morningstar Dividend Leaders Index 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.