Spectrum Wealth Advisory Group LLC Decreases Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Spectrum Wealth Advisory Group LLC trimmed its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 78.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,888 shares of the exchange traded fund’s stock after selling 220,753 shares during the quarter. First Trust Morningstar Dividend Leaders Index accounts for about 1.4% of Spectrum Wealth Advisory Group LLC’s holdings, making the stock its 17th largest position. Spectrum Wealth Advisory Group LLC owned about 0.06% of First Trust Morningstar Dividend Leaders Index worth $2,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FDL. CreativeOne Wealth LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the first quarter worth $1,168,000. B. Riley Wealth Advisors Inc. increased its position in First Trust Morningstar Dividend Leaders Index by 9.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 75,037 shares of the exchange traded fund’s stock worth $2,887,000 after buying an additional 6,459 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the first quarter worth $2,342,000. Beacon Capital Management LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the first quarter worth $124,000. Finally, Virtu Financial LLC increased its position in First Trust Morningstar Dividend Leaders Index by 13.2% in the first quarter. Virtu Financial LLC now owns 67,468 shares of the exchange traded fund’s stock worth $2,596,000 after buying an additional 7,880 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

First Trust Morningstar Dividend Leaders Index stock opened at $41.96 on Monday. First Trust Morningstar Dividend Leaders Index has a one year low of $33.33 and a one year high of $42.96. The business has a fifty day moving average price of $41.92 and a 200-day moving average price of $40.11. The firm 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 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.