Colonial River Investments LLC Reduces Stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Colonial River Investments LLC lessened its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,311 shares of the exchange traded fund’s stock after selling 540 shares during the quarter. Colonial River Investments LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $254,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FDL. World Equity Group Inc. increased its holdings in First Trust Morningstar Dividend Leaders Index by 3.0% during the fourth quarter. World Equity Group Inc. now owns 130,601 shares of the exchange traded fund’s stock valued at $5,258,000 after buying an additional 3,813 shares during the last quarter. Sigma Planning Corp grew its position in shares of First Trust Morningstar Dividend Leaders Index by 1.6% during the 4th quarter. Sigma Planning Corp now owns 85,116 shares of the exchange traded fund’s stock valued at $3,427,000 after acquiring an additional 1,358 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $344,000. Bell Bank bought a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $564,000. Finally, Compass Capital Corp MA ADV purchased a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at $255,000.

First Trust Morningstar Dividend Leaders Index Stock Up 0.6 %

Shares of FDL opened at $43.57 on Tuesday. The business has a 50-day simple moving average of $41.21 and a two-hundred day simple moving average of $41.63. First Trust Morningstar Dividend Leaders Index has a 52 week low of $36.19 and a 52 week high of $44.07. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

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.