First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC cut its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 20,779 shares of the exchange traded fund’s stock after selling 327 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $837,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth $127,327,000. LPL Financial LLC grew its position in First Trust Morningstar Dividend Leaders Index by 7.2% during the 3rd quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after purchasing an additional 566,772 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 4,323.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 233,968 shares of the exchange traded fund’s stock valued at $9,420,000 after buying an additional 228,679 shares during the last quarter. McAdam LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at about $7,729,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 191.7% in the fourth quarter. Jones Financial Companies Lllp now owns 276,811 shares of the exchange traded fund’s stock worth $11,144,000 after buying an additional 181,922 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 1.5 %

Shares of FDL stock opened at $43.76 on Monday. First Trust Morningstar Dividend Leaders Index has a twelve month low of $36.31 and a twelve month high of $44.29. The stock has a market cap of $4.99 billion, a P/E ratio of 19.12 and a beta of 0.90. The stock has a 50 day moving average of $41.78 and a 200 day moving average of $41.84.

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.