Mercer Global Advisors Inc. ADV Sells 4,263 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Mercer Global Advisors Inc. ADV reduced its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 31.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,144 shares of the exchange traded fund’s stock after selling 4,263 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in First Trust Morningstar Dividend Leaders Index were worth $368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mascoma Wealth Management LLC purchased a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at approximately $31,000. Synergy Asset Management LLC bought a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at approximately $46,000. Blue Trust Inc. boosted its holdings in First Trust Morningstar Dividend Leaders Index by 84.0% in the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after purchasing an additional 913 shares during the last quarter. Finally, Pillar Financial Advisors LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth approximately $106,000.

First Trust Morningstar Dividend Leaders Index Trading Down 1.1%

Shares of FDL opened at $40.97 on Thursday. The firm has a fifty day simple moving average of $41.38 and a two-hundred day simple moving average of $41.72. The firm has a market cap of $5.27 billion, a PE ratio of 15.19 and a beta of 0.75. First Trust Morningstar Dividend Leaders Index has a 1-year low of $37.29 and a 1-year high of $44.35.

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.