First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by GDS Wealth Management

GDS Wealth Management cut its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 12.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 69,954 shares of the exchange traded fund’s stock after selling 10,111 shares during the period. GDS Wealth Management owned about 0.07% of First Trust Morningstar Dividend Leaders Index worth $2,653,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers lifted its position in First Trust Morningstar Dividend Leaders Index by 1,056.4% in the 1st quarter. Cetera Investment Advisers now owns 2,077,685 shares of the exchange traded fund’s stock valued at $79,949,000 after purchasing an additional 1,898,023 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust Morningstar Dividend Leaders Index by 9.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,941,020 shares of the exchange traded fund’s stock worth $73,623,000 after buying an additional 167,698 shares in the last quarter. Csenge Advisory Group raised its position in shares of First Trust Morningstar Dividend Leaders Index by 6.1% during the 2nd quarter. Csenge Advisory Group now owns 1,740,756 shares of the exchange traded fund’s stock worth $66,027,000 after buying an additional 99,653 shares in the last quarter. Cetera Advisors LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 2.4% during the 1st quarter. Cetera Advisors LLC now owns 1,530,215 shares of the exchange traded fund’s stock worth $58,883,000 after buying an additional 36,135 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its position in shares of First Trust Morningstar Dividend Leaders Index by 14.5% during the 1st quarter. TRUE Private Wealth Advisors now owns 1,108,956 shares of the exchange traded fund’s stock worth $42,670,000 after buying an additional 140,840 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA FDL opened at $42.00 on Tuesday. The company’s 50 day simple moving average is $40.26 and its 200 day simple moving average is $38.68. First Trust Morningstar Dividend Leaders Index has a 12 month low of $31.47 and a 12 month high of $42.01. The company has a market capitalization of $4.38 billion, a P/E ratio of 12.51 and a beta of 0.73.

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.