Elevated Capital Advisors LLC Lowers Stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Elevated Capital Advisors LLC cut its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,403 shares of the exchange traded fund’s stock after selling 2,460 shares during the period. First Trust Morningstar Dividend Leaders Index comprises approximately 1.3% of Elevated Capital Advisors LLC’s portfolio, making the stock its 15th largest position. Elevated Capital Advisors LLC owned about 0.11% of First Trust Morningstar Dividend Leaders Index worth $4,727,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FDL. ORG Partners LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 344.2% in the 4th quarter. ORG Partners LLC now owns 49,013 shares of the exchange traded fund’s stock worth $1,973,000 after purchasing an additional 37,980 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 71,997 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $754,000. Rehmann Capital Advisory Group grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 6.1% during the 3rd quarter. Rehmann Capital Advisory Group now owns 131,653 shares of the exchange traded fund’s stock valued at $5,522,000 after purchasing an additional 7,539 shares during the last quarter. Finally, Arete Wealth Advisors LLC raised its position in First Trust Morningstar Dividend Leaders Index by 42.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 42,847 shares of the exchange traded fund’s stock worth $1,791,000 after purchasing an additional 12,800 shares during the period.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA FDL traded up $0.34 during trading on Monday, hitting $40.05. 448,151 shares of the company’s stock traded hands, compared to its average volume of 515,912. The firm has a market cap of $4.18 billion, a P/E ratio of 12.51 and a beta of 0.73. The stock has a fifty day moving average of $41.70 and a two-hundred day moving average of $41.05. First Trust Morningstar Dividend Leaders Index has a 12-month low of $35.03 and a 12-month high of $44.07.

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.