First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 11.4% in the fourth quarter, HoldingsChannel reports. The firm owned 755,969 shares of the exchange traded fund’s stock after selling 97,640 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $30,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Freedom Investment Management Inc. lifted its position in First Trust Morningstar Dividend Leaders Index by 4.2% during the third quarter. Freedom Investment Management Inc. now owns 6,074 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 245 shares during the period. Aptus Capital Advisors LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 4.5% in the third quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock valued at $246,000 after buying an additional 250 shares in the last quarter. Kovack Advisors Inc. increased its holdings in First Trust Morningstar Dividend Leaders Index by 1.9% in the fourth quarter. Kovack Advisors Inc. now owns 17,268 shares of the exchange traded fund’s stock valued at $695,000 after buying an additional 327 shares in the last quarter. Flynn Zito Capital Management LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 1.2% in the fourth quarter. Flynn Zito Capital Management LLC now owns 27,551 shares of the exchange traded fund’s stock valued at $1,109,000 after buying an additional 331 shares in the last quarter. Finally, KMG Fiduciary Partners LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 1.4% in the fourth quarter. KMG Fiduciary Partners LLC now owns 24,417 shares of the exchange traded fund’s stock valued at $983,000 after buying an additional 335 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL opened at $43.06 on Friday. 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 company has a fifty day moving average of $42.04 and a two-hundred day moving average of $41.90. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 17.05 and a beta of 0.87.

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.