Steward Partners Investment Advisory LLC Sells 23,143 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Steward Partners Investment Advisory LLC lessened its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,223 shares of the exchange traded fund’s stock after selling 23,143 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $8,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Valley National Advisers Inc. raised its stake in First Trust Morningstar Dividend Leaders Index by 33.6% during the fourth quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock worth $135,000 after acquiring an additional 852 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after purchasing an additional 71,997 shares during the last quarter. FMR LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index by 67.8% during the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock worth $968,000 after purchasing an additional 9,320 shares in the last quarter. Blue Trust Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 84.0% during the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock valued at $81,000 after purchasing an additional 913 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 111.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 11,171 shares of the exchange traded fund’s stock valued at $450,000 after buying an additional 5,882 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.2 %

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $43.01 on Thursday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 19.12 and a beta of 0.90. The firm’s 50-day moving average price is $41.60 and its two-hundred day moving average price is $41.78. First Trust Morningstar Dividend Leaders Index has a 1-year low of $36.31 and a 1-year high of $44.29.

First Trust Morningstar Dividend Leaders Index Company 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.