Advisory Services Network LLC Sells 1,370 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Advisory Services Network LLC reduced its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,307 shares of the exchange traded fund’s stock after selling 1,370 shares during the quarter. Advisory Services Network LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of FDL. FMR LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 67.8% in the third quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock valued at $968,000 after acquiring an additional 9,320 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at about $318,000. World Investment Advisors LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $754,000. JPMorgan Chase & Co. lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after purchasing an additional 71,997 shares during the period. Finally, ORG Partners LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 344.2% during the fourth quarter. ORG Partners LLC now owns 49,013 shares of the exchange traded fund’s stock valued at $1,973,000 after purchasing an additional 37,980 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 1.3 %

Shares of NYSEARCA:FDL opened at $39.44 on Friday. The firm has a 50 day moving average of $42.38 and a 200 day moving average of $41.92. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 17.19 and a beta of 0.77. First Trust Morningstar Dividend Leaders Index has a 52 week low of $36.31 and a 52 week high of $44.35.

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.