Teamwork Financial Advisors LLC Decreases Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Teamwork Financial Advisors LLC lowered its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,190 shares of the exchange traded fund’s stock after selling 11,848 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,980,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in First Trust Morningstar Dividend Leaders Index by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after buying an additional 71,997 shares during the period. FMR LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 67.8% during the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock valued at $968,000 after buying an additional 9,320 shares in the last quarter. CWM LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 59.5% during the 3rd quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 6,865 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 15.5% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 86,644 shares of the exchange traded fund’s stock valued at $3,286,000 after purchasing an additional 11,607 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at $46,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of FDL stock opened at $40.84 on Thursday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $35.45 and a fifty-two week high of $44.07. The firm has a market capitalization of $4.26 billion, a P/E ratio of 12.51 and a beta of 0.73. The stock’s fifty day moving average is $41.47 and its two-hundred day moving average is $41.20.

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.