Eagle Strategies LLC Sells 775 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Eagle Strategies LLC lowered its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 10.3% in the third quarter, HoldingsChannel.com reports. The firm owned 6,749 shares of the exchange traded fund’s stock after selling 775 shares during the quarter. Eagle Strategies LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $283,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 4.1% in the 1st quarter. Private Advisor Group LLC now owns 540,210 shares of the exchange traded fund’s stock valued at $20,787,000 after buying an additional 21,196 shares during the period. Flynn Zito Capital Management LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 73.3% during the 1st quarter. Flynn Zito Capital Management LLC now owns 29,313 shares of the exchange traded fund’s stock worth $1,128,000 after acquiring an additional 12,397 shares during the period. Palisade Asset Management LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 1st quarter valued at $81,000. FinTrust Capital Advisors LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 101.1% in the 1st quarter. FinTrust Capital Advisors LLC now owns 29,277 shares of the exchange traded fund’s stock valued at $1,127,000 after purchasing an additional 14,716 shares during the period. Finally, Financial Counselors Inc. acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the 1st quarter valued at $208,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.7 %

NYSEARCA FDL opened at $41.84 on Thursday. First Trust Morningstar Dividend Leaders Index has a 12 month low of $31.95 and a 12 month high of $42.70. The stock has a 50-day simple moving average of $41.70 and a 200 day simple moving average of $39.67. The company has a market capitalization of $4.36 billion, a PE ratio of 12.51 and a beta of 0.73.

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.