Axxcess Wealth Management LLC Decreases Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Axxcess Wealth Management LLC lowered its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,368 shares of the exchange traded fund’s stock after selling 1,161 shares during the period. Axxcess Wealth Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning grew its holdings 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 valued at $1,106,000 after purchasing an additional 328 shares during the period. J.W. Cole Advisors Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 0.6% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 63,357 shares of the exchange traded fund’s stock worth $2,403,000 after acquiring an additional 359 shares in the last quarter. Blair William & Co. IL grew its holdings in First Trust Morningstar Dividend Leaders Index by 4.9% during the 2nd quarter. Blair William & Co. IL now owns 7,773 shares of the exchange traded fund’s stock worth $295,000 after acquiring an additional 364 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 1.8% in the 2nd quarter. Larson Financial Group LLC now owns 20,953 shares of the exchange traded fund’s stock worth $795,000 after buying an additional 370 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after buying an additional 382 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

First Trust Morningstar Dividend Leaders Index stock opened at $42.12 on Friday. The firm’s 50-day moving average is $41.90 and its 200-day moving average is $40.04. First Trust Morningstar Dividend Leaders Index has a 1 year low of $33.33 and a 1 year high of $42.96. The company has a market cap of $4.39 billion, a P/E 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.