PCG Wealth Advisors LLC Trims Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

PCG Wealth Advisors LLC reduced its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 80,927 shares of the exchange traded fund’s stock after selling 1,985 shares during the period. First Trust Morningstar Dividend Leaders Index accounts for approximately 1.3% of PCG Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest position. PCG Wealth Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 124.5% during the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 401 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 2nd quarter worth about $38,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $39,000. Sound Income Strategies LLC purchased a new position in First Trust Morningstar Dividend Leaders Index in the first quarter worth approximately $62,000. Finally, Strategic Financial Concepts LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 1,737.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after acquiring an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL stock traded up $0.21 during midday trading on Wednesday, reaching $42.47. 88,273 shares of the company were exchanged, compared to its average volume of 615,054. The stock’s 50-day simple moving average is $41.25 and its 200 day simple moving average is $39.36. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1-year low of $31.47 and a 1-year high of $42.70.

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.