First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by MTM Investment Management LLC

MTM Investment Management LLC cut its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,497 shares of the exchange traded fund’s stock after selling 921 shares during the period. MTM Investment Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Freedom Investment Management Inc. increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4.2% in the third quarter. Freedom Investment Management Inc. now owns 6,074 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 245 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4.5% in the third quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock valued at $246,000 after purchasing an additional 250 shares during the period. KMG Fiduciary Partners LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 1.4% in the fourth quarter. KMG Fiduciary Partners LLC now owns 24,417 shares of the exchange traded fund’s stock valued at $983,000 after purchasing an additional 335 shares during the period. Assetmark Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 14.4% during the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after acquiring an additional 382 shares during the period. Finally, Gladstone Institutional Advisory LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 1.4% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 36,962 shares of the exchange traded fund’s stock worth $1,488,000 after acquiring an additional 523 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Up 0.2 %

First Trust Morningstar Dividend Leaders Index stock opened at $42.25 on Thursday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52 week low of $35.45 and a 52 week high of $44.07. The business’s 50-day moving average price is $41.07 and its 200 day moving average price is $41.45.

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.