Moors & Cabot Inc. Trims Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Moors & Cabot Inc. cut its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,467 shares of the exchange traded fund’s stock after selling 1,811 shares during the quarter. Moors & Cabot Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Pathway Financial Advisers LLC lifted its position in 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 buying an additional 401 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the 2nd quarter worth about $38,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth approximately $39,000. Blue Trust Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter valued at approximately $46,000. Finally, Strategic Financial Concepts LLC increased its position in First Trust Morningstar Dividend Leaders Index by 1,737.5% during 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 1.2 %

Shares of FDL opened at $42.83 on Friday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $33.73 and a fifty-two week high of $42.96. The company’s fifty day moving average is $42.01 and its two-hundred day moving average is $40.21. The firm has a market cap of $4.47 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.