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

Claro Advisors LLC lessened its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 16.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,799 shares of the exchange traded fund’s stock after selling 1,542 shares during the quarter. Claro Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signature Estate & Investment Advisors LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 24.5% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 7,416 shares of the exchange traded fund’s stock valued at $311,000 after acquiring an additional 1,460 shares during the last quarter. Neumann Capital Management LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $732,000. ROI Financial Advisors LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 3.0% during the third quarter. ROI Financial Advisors LLC now owns 73,646 shares of the exchange traded fund’s stock worth $3,089,000 after purchasing an additional 2,130 shares during the last quarter. Kovack Advisors Inc. increased its holdings in First Trust Morningstar Dividend Leaders Index by 7.4% in the third quarter. Kovack Advisors Inc. now owns 16,941 shares of the exchange traded fund’s stock valued at $711,000 after buying an additional 1,160 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its stake in First Trust Morningstar Dividend Leaders Index by 4.5% during the third quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock valued at $246,000 after buying an additional 250 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 1.0 %

Shares of NYSEARCA FDL opened at $42.40 on Tuesday. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a twelve month low of $33.60 and a twelve month high of $42.96. The business has a 50 day simple moving average of $41.94 and a 200-day simple moving average of $40.14.

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.