Sargent Investment Group LLC Sells 938 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Sargent Investment Group LLC cut its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,082 shares of the exchange traded fund’s stock after selling 938 shares during the period. Sargent Investment Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,479,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FDL. International Assets Investment Management LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4,153.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,647,283 shares of the exchange traded fund’s stock valued at $166,745,000 after acquiring an additional 4,538,031 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 2,565,995 shares of the exchange traded fund’s stock valued at $85,829,000 after purchasing an additional 163,492 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in First Trust Morningstar Dividend Leaders Index during the third quarter valued at $4,625,000. Wetzel Investment Advisors Inc. bought a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at $4,065,000. Finally, Advisor Resource Council grew its holdings in First Trust Morningstar Dividend Leaders Index by 390.7% during the fourth quarter. Advisor Resource Council now owns 116,104 shares of the exchange traded fund’s stock valued at $4,166,000 after purchasing an additional 92,444 shares during the period.

First Trust Morningstar Dividend Leaders Index Trading Up 0.6 %

Shares of NYSEARCA FDL opened at $37.59 on Tuesday. The stock has a fifty day simple moving average of $37.35 and a two-hundred day simple moving average of $35.74. First Trust Morningstar Dividend Leaders Index has a 1-year low of $31.47 and a 1-year high of $38.54. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 12.41 and a beta of 0.73.

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.