Mach 1 Financial Group LLC Sells 77,473 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Mach 1 Financial Group LLC reduced its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 46.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 90,871 shares of the exchange traded fund’s stock after selling 77,473 shares during the period. First Trust Morningstar Dividend Leaders Index makes up 2.3% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 12th biggest position. Mach 1 Financial Group LLC owned about 0.09% of First Trust Morningstar Dividend Leaders Index worth $3,810,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDL. Pathway Financial Advisers LLC boosted its stake in 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 worth $27,000 after buying an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 2nd quarter valued at $38,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at $39,000. Blue Trust Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth $46,000. Finally, Strategic Financial Concepts LLC lifted its stake in First Trust Morningstar Dividend Leaders Index by 1,737.5% in the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 155,103 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 0.1 %

NYSEARCA FDL opened at $42.54 on Friday. The company has a 50-day simple moving average of $41.85 and a two-hundred day simple moving average of $39.93. First Trust Morningstar Dividend Leaders Index has a 12-month low of $32.30 and a 12-month 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.

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.