First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by MTM Investment Management LLC

MTM Investment Management LLC reduced its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 10,497 shares of the exchange traded fund’s stock after selling 921 shares during the quarter. MTM Investment Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. LPL Financial LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 7.2% in the third quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock valued at $354,685,000 after purchasing an additional 566,772 shares during the period. International Assets Investment Management LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 4,114.5% in the third quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock valued at $228,746,000 after purchasing an additional 5,323,451 shares during the period. JPMorgan Chase & Co. grew its holdings in First Trust Morningstar Dividend Leaders Index by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after purchasing an additional 71,997 shares during the period. Janney Montgomery Scott LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock valued at $23,381,000 after purchasing an additional 14,894 shares during the period. Finally, Stephens Inc. AR grew its holdings in First Trust Morningstar Dividend Leaders Index by 9.6% in the fourth quarter. Stephens Inc. AR now owns 549,604 shares of the exchange traded fund’s stock valued at $22,127,000 after purchasing an additional 48,174 shares during the period.

First Trust Morningstar Dividend Leaders Index Trading Up 0.2 %

Shares of FDL opened at $42.25 on Thursday. The firm has a market cap of $4.41 billion, a P/E ratio of 12.51 and a beta of 0.73. The stock’s 50 day moving average is $41.07 and its two-hundred day moving average is $41.45. First Trust Morningstar Dividend Leaders Index has a 12 month low of $35.45 and a 12 month high of $44.07.

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.