Orion Portfolio Solutions LLC Lowers Stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Orion Portfolio Solutions LLC trimmed its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 75,418 shares of the exchange traded fund’s stock after selling 1,211 shares during the period. Orion Portfolio Solutions LLC owned 0.07% of First Trust Morningstar Dividend Leaders Index worth $3,036,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FDL. Freedom Investment Management Inc. raised its stake in First Trust Morningstar Dividend Leaders Index by 4.2% during the 3rd quarter. Freedom Investment Management Inc. now owns 6,074 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 245 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.9% during the fourth quarter. Kovack Advisors Inc. now owns 17,268 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 327 shares during the last quarter. Flynn Zito Capital Management LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 1.2% during the fourth quarter. Flynn Zito Capital Management LLC now owns 27,551 shares of the exchange traded fund’s stock worth $1,109,000 after purchasing an additional 331 shares during the period. KMG Fiduciary Partners LLC grew its position in First Trust Morningstar Dividend Leaders Index by 1.4% in the 4th 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 during the last quarter. Finally, Collaborative Wealth Managment Inc. increased its stake in First Trust Morningstar Dividend Leaders Index by 0.8% in the 4th quarter. Collaborative Wealth Managment Inc. now owns 57,714 shares of the exchange traded fund’s stock valued at $2,324,000 after buying an additional 435 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL stock opened at $43.44 on Tuesday. The stock has a market capitalization of $5.36 billion, a PE ratio of 17.19 and a beta of 0.77. The company has a fifty day moving average of $42.68 and a 200-day moving average of $42.06. First Trust Morningstar Dividend Leaders Index has a one year low of $36.31 and a one year high of $44.35.

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.