Iams Wealth Management LLC Cuts Stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Iams Wealth Management LLC cut its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 21.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,197 shares of the exchange traded fund’s stock after selling 9,913 shares during the quarter. Iams Wealth Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,352,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FDL. International Assets Investment Management LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4,153.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,647,283 shares of the exchange traded fund’s stock valued at $166,745,000 after acquiring an additional 4,538,031 shares in the last quarter. Ameriprise Financial Inc. grew its stake in First Trust Morningstar Dividend Leaders Index by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 2,565,995 shares of the exchange traded fund’s stock valued at $85,829,000 after purchasing an additional 163,492 shares during the last quarter. TRUE Private Wealth Advisors grew its stake in First Trust Morningstar Dividend Leaders Index by 8.5% in the fourth quarter. TRUE Private Wealth Advisors now owns 968,116 shares of the exchange traded fund’s stock valued at $34,736,000 after purchasing an additional 75,840 shares during the last quarter. Private Advisor Group LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 7.6% in the fourth quarter. Private Advisor Group LLC now owns 519,014 shares of the exchange traded fund’s stock valued at $18,622,000 after purchasing an additional 36,493 shares during the last quarter. Finally, Southland Equity Partners LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 1.2% in the first quarter. Southland Equity Partners LLC now owns 406,498 shares of the exchange traded fund’s stock valued at $15,642,000 after purchasing an additional 4,680 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL traded down $0.16 on Tuesday, hitting $37.74. The company had a trading volume of 132,523 shares, compared to its average volume of 717,767. The stock has a fifty day moving average price of $38.10 and a 200-day moving average price of $37.18. First Trust Morningstar Dividend Leaders Index has a 12-month low of $31.47 and a 12-month high of $39.02. The stock has a market capitalization of $3.94 billion, a price-to-earnings 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.