Quad Cities Investment Group LLC Lowers Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Quad Cities Investment Group LLC decreased its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,009 shares of the exchange traded fund’s stock after selling 3,642 shares during the period. First Trust Morningstar Dividend Leaders Index accounts for about 0.9% of Quad Cities Investment Group LLC’s portfolio, making the stock its 26th biggest holding. Quad Cities Investment Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,893,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FDL. Pathway Financial Advisers LLC increased its holdings 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 purchasing an additional 401 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth approximately $39,000. Blue Trust Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at approximately $46,000. Valley National Advisers Inc. increased its position 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 worth $105,000 after purchasing an additional 1,957 shares during the last quarter. Finally, Assetmark Inc. lifted its position 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 purchasing an additional 382 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.9 %

Shares of NYSEARCA FDL opened at $40.05 on Tuesday. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 12-month low of $35.03 and a 12-month high of $44.07. The firm’s 50-day moving average price is $41.70 and its 200-day moving average price is $41.05.

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.