Cambridge Investment Research Advisors Inc. Sells 90,686 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 6.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,304,149 shares of the exchange traded fund’s stock after selling 90,686 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $44,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDL. Tower Research Capital LLC TRC lifted its holdings in First Trust Morningstar Dividend Leaders Index by 541.0% in the first quarter. Tower Research Capital LLC TRC now owns 859 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 725 shares during the period. Heritage Wealth Management LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 1,454 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 727 shares during the period. CoreCap Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at approximately $57,000. Tradition Wealth Management LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 27.6% during the 1st quarter. Tradition Wealth Management LLC now owns 1,737 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 376 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at approximately $91,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA FDL traded down $0.09 on Tuesday, hitting $34.73. The stock had a trading volume of 283,961 shares, compared to its average volume of 988,079. First Trust Morningstar Dividend Leaders Index has a 52-week low of $32.10 and a 52-week high of $38.33. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 12.39 and a beta of 0.86. The firm has a 50-day moving average of $34.87 and a 200-day moving average of $34.75.

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.