First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC trimmed its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,899 shares of the exchange traded fund’s stock after selling 381 shares during the quarter. Level Four Advisory Services LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $721,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FDL. Raymond James Financial Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at $127,327,000. LPL Financial LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 7.8% during the 4th quarter. LPL Financial LLC now owns 9,111,719 shares of the exchange traded fund’s stock worth $366,838,000 after acquiring an additional 656,768 shares in the last quarter. Rockport Wealth LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 19.6% in the 4th quarter. Rockport Wealth LLC now owns 1,951,507 shares of the exchange traded fund’s stock valued at $78,568,000 after acquiring an additional 319,857 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4,323.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 233,968 shares of the exchange traded fund’s stock valued at $9,420,000 after acquiring an additional 228,679 shares during the last quarter. Finally, McAdam LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth about $7,729,000.

First Trust Morningstar Dividend Leaders Index Stock Down 0.4 %

FDL stock opened at $42.79 on Monday. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 17.05 and a beta of 0.87. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $36.31 and a fifty-two week high of $44.35. The business has a 50 day moving average price of $42.63 and a 200 day moving average price of $42.04.

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.