Flynn Zito Capital Management LLC Sells 2,342 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Flynn Zito Capital Management LLC trimmed its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 8.0% during the second quarter, Holdings Channel reports. The institutional investor owned 26,971 shares of the exchange traded fund’s stock after selling 2,342 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,023,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the second quarter valued at approximately $38,000. Jones Financial Companies Lllp bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $43,000. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth $47,000. Sound Income Strategies LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the first quarter valued at about $62,000. Finally, Palisade Asset Management LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the first quarter valued at about $81,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

First Trust Morningstar Dividend Leaders Index stock opened at $40.87 on Friday. The stock has a market cap of $4.26 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $31.47 and a fifty-two week high of $41.88. The firm’s 50-day simple moving average is $39.90 and its 200 day simple moving average is $38.48.

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.