First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by Merkkuri Wealth Advisors LLC

Merkkuri Wealth Advisors LLC reduced its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,116 shares of the exchange traded fund’s stock after selling 2,385 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 11.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 12,799 shares of the exchange traded fund’s stock worth $515,000 after buying an additional 1,270 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 14.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 6,926 shares of the exchange traded fund’s stock valued at $279,000 after acquiring an additional 892 shares in the last quarter. Southland Equity Partners LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 0.5% during the 4th quarter. Southland Equity Partners LLC now owns 480,688 shares of the exchange traded fund’s stock worth $19,353,000 after purchasing an additional 2,447 shares during the period. RFG Advisory LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 8.0% in the 4th quarter. RFG Advisory LLC now owns 8,699 shares of the exchange traded fund’s stock valued at $350,000 after purchasing an additional 645 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in 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 valued at $23,381,000 after purchasing an additional 14,894 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL stock opened at $41.25 on Friday. The firm has a market cap of $4.30 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1 year low of $35.45 and a 1 year high of $44.07. The stock has a 50-day simple moving average of $41.43 and a 200-day simple moving average of $41.25.

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.