Cetera Advisor Networks LLC Sells 146,380 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Cetera Advisor Networks LLC lowered its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 23.0% in the 1st quarter, Holdings Channel reports. The fund owned 489,761 shares of the exchange traded fund’s stock after selling 146,380 shares during the quarter. Cetera Advisor Networks LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $18,846,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FDL. Jones Financial Companies Lllp purchased a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at $43,000. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $47,000. Sound Income Strategies LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 1st quarter worth $62,000. Transcendent Capital Group LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $79,000. Finally, Palisade Asset Management LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 1st quarter worth $81,000.

First Trust Morningstar Dividend Leaders Index Trading Down 1.0 %

NYSEARCA FDL traded down $0.42 on Friday, hitting $40.10. 727,382 shares of the company traded hands, compared to its average volume of 678,609. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The business’s 50 day moving average price is $38.67 and its 200-day moving average price is $37.72. First Trust Morningstar Dividend Leaders Index has a 52-week low of $31.47 and a 52-week high of $40.92.

About First Trust Morningstar Dividend Leaders Index

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.