Avidian Wealth Enterprises LLC Sells 1,557 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Avidian Wealth Enterprises LLC trimmed its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,074 shares of the exchange traded fund’s stock after selling 1,557 shares during the period. Avidian Wealth Enterprises LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,143,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. World Equity Group Inc. increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 2.6% in the 3rd quarter. World Equity Group Inc. now owns 126,788 shares of the exchange traded fund’s stock worth $5,319,000 after buying an additional 3,254 shares during the last quarter. Janney Montgomery Scott LLC grew its position in First Trust Morningstar Dividend Leaders Index by 0.5% in the third quarter. Janney Montgomery Scott LLC now owns 565,850 shares of the exchange traded fund’s stock worth $23,737,000 after acquiring an additional 3,032 shares in the last quarter. Farther Finance Advisors LLC increased its stake in First Trust Morningstar Dividend Leaders Index by 2,037.3% in the third quarter. Farther Finance Advisors LLC now owns 21,373 shares of the exchange traded fund’s stock valued at $897,000 after acquiring an additional 20,373 shares during the last quarter. Financial Advocates Investment Management raised its position in First Trust Morningstar Dividend Leaders Index by 235.1% during the third quarter. Financial Advocates Investment Management now owns 22,884 shares of the exchange traded fund’s stock valued at $960,000 after purchasing an additional 16,054 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC lifted its stake in First Trust Morningstar Dividend Leaders Index by 11.1% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 7,907 shares of the exchange traded fund’s stock worth $332,000 after purchasing an additional 789 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.8 %

Shares of NYSEARCA FDL opened at $42.02 on Wednesday. The stock’s 50-day moving average is $41.77 and its 200 day moving average is $39.84. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1-year low of $32.30 and a 1-year high of $42.70.

First Trust Morningstar Dividend Leaders Index Company 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.