Merkkuri Wealth Advisors LLC Trims Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Merkkuri Wealth Advisors LLC lessened its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 16.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,116 shares of the exchange traded fund’s stock after selling 2,385 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $488,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pathway Financial Advisers LLC increased its stake in shares of 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 during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $39,000. Blue Trust Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index in the third quarter worth about $46,000. Valley National Advisers Inc. increased its holdings in First Trust Morningstar Dividend Leaders Index by 339.2% in the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock valued at $105,000 after buying an additional 1,957 shares during the last quarter. Finally, Assetmark Inc. raised its stake in First Trust Morningstar Dividend Leaders Index by 14.4% during the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after buying an additional 382 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 0.4 %

NYSEARCA:FDL opened at $41.25 on Friday. First Trust Morningstar Dividend Leaders Index has a 52 week low of $35.45 and a 52 week high of $44.07. The company has a market cap of $4.30 billion, a PE ratio of 12.51 and a beta of 0.73. The business’s 50 day moving average is $41.43 and its two-hundred day moving average is $41.25.

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.