Mattern Wealth Management LLC Sells 806 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Mattern Wealth Management LLC trimmed its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,177 shares of the exchange traded fund’s stock after selling 806 shares during the period. Mattern Wealth Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDL. Creative Planning lifted its stake in First Trust Morningstar Dividend Leaders Index by 1.1% in the second quarter. Creative Planning now owns 29,159 shares of the exchange traded fund’s stock worth $1,106,000 after purchasing an additional 328 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Morningstar Dividend Leaders Index by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,447,886 shares of the exchange traded fund’s stock valued at $54,918,000 after acquiring an additional 52,303 shares during the period. Sunbelt Securities Inc. grew its position in First Trust Morningstar Dividend Leaders Index by 12.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 12,243 shares of the exchange traded fund’s stock valued at $464,000 after acquiring an additional 1,319 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in 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 worth $3,286,000 after purchasing an additional 11,607 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 124.5% during the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 401 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

FDL stock opened at $41.98 on Tuesday. 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 50-day moving average is $41.42 and its 200 day moving average is $41.29. The company has a market capitalization of $4.38 billion, a PE 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.