Sound View Wealth Advisors Group LLC Reduces Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Sound View Wealth Advisors Group LLC trimmed its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,779 shares of the exchange traded fund’s stock after selling 327 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $837,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.2% in the third quarter. LPL Financial LLC now owns 8,454,951 shares of the exchange traded fund’s stock worth $354,685,000 after buying an additional 566,772 shares during the period. Raymond James Financial Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 4th quarter worth approximately $127,327,000. Csenge Advisory Group raised its stake in First Trust Morningstar Dividend Leaders Index by 0.8% during the 4th quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock worth $70,102,000 after acquiring an additional 13,574 shares during the period. JPMorgan Chase & Co. lifted its holdings in First Trust Morningstar Dividend Leaders Index by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock valued at $42,667,000 after purchasing an additional 71,997 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 580,744 shares of the exchange traded fund’s stock worth $23,381,000 after purchasing an additional 14,894 shares during the period.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of NYSEARCA FDL opened at $43.76 on Monday. First Trust Morningstar Dividend Leaders Index has a 1 year low of $36.31 and a 1 year high of $44.29. The firm has a fifty day moving average price of $41.78 and a 200-day moving average price of $41.84. The stock has a market cap of $4.99 billion, a PE ratio of 19.12 and a beta of 0.90.

First Trust Morningstar Dividend Leaders Index 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.