GDS Wealth Management Sells 24,443 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

GDS Wealth Management cut its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,595 shares of the exchange traded fund’s stock after selling 24,443 shares during the period. GDS Wealth Management owned 0.08% of First Trust Morningstar Dividend Leaders Index worth $3,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Benjamin Edwards Inc. lifted its position in First Trust Morningstar Dividend Leaders Index by 2.0% during the 4th quarter. Benjamin Edwards Inc. now owns 14,529 shares of the exchange traded fund’s stock valued at $521,000 after purchasing an additional 289 shares during the period. Waterfront Wealth Inc. boosted its stake in First Trust Morningstar Dividend Leaders Index by 4.4% in the fourth quarter. Waterfront Wealth Inc. now owns 7,815 shares of the exchange traded fund’s stock valued at $280,000 after acquiring an additional 329 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 2.3% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 17,376 shares of the exchange traded fund’s stock worth $581,000 after acquiring an additional 396 shares during the period. Bank of Nova Scotia grew its holdings in First Trust Morningstar Dividend Leaders Index by 2.1% during the 3rd quarter. Bank of Nova Scotia now owns 25,815 shares of the exchange traded fund’s stock worth $863,000 after acquiring an additional 540 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 8.9% in the 4th quarter. Avior Wealth Management LLC now owns 7,180 shares of the exchange traded fund’s stock valued at $258,000 after purchasing an additional 586 shares during the period.

First Trust Morningstar Dividend Leaders Index Trading Up 0.7 %

Shares of FDL stock traded up $0.27 on Thursday, reaching $38.39. The company had a trading volume of 480,038 shares, compared to its average volume of 811,322. The stock has a market cap of $4.00 billion, a PE ratio of 12.51 and a beta of 0.73. The company has a 50-day moving average of $37.52 and a 200-day moving average of $35.94. First Trust Morningstar Dividend Leaders Index has a 12 month low of $31.47 and a 12 month high of $38.54.

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.