First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. lessened its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,252 shares of the exchange traded fund’s stock after selling 43,675 shares during the quarter. First Trust Morningstar Dividend Leaders Index makes up approximately 2.0% of Ergawealth Advisors Inc.’s holdings, making the stock its 13th largest holding. Ergawealth Advisors Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,310,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the first quarter worth about $209,000. NewEdge Advisors LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 33.3% in the 1st quarter. NewEdge Advisors LLC now owns 33,967 shares of the exchange traded fund’s stock worth $1,272,000 after purchasing an additional 8,486 shares during the last quarter. Equitable Holdings Inc. increased its position in First Trust Morningstar Dividend Leaders Index by 631.8% in the first quarter. Equitable Holdings Inc. now owns 67,319 shares of the exchange traded fund’s stock worth $2,520,000 after buying an additional 58,120 shares during the period. First Trust Advisors LP increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 7.1% in the 1st quarter. First Trust Advisors LP now owns 116,717 shares of the exchange traded fund’s stock worth $4,370,000 after acquiring an additional 7,740 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the first quarter worth approximately $968,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of FDL stock traded down $0.21 during mid-day trading on Tuesday, hitting $36.45. 1,069,683 shares of the stock traded hands, compared to its average volume of 801,606. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 12.41 and a beta of 0.73. The company’s 50-day simple moving average is $37.13 and its 200-day simple moving average is $35.44. First Trust Morningstar Dividend Leaders Index has a twelve month low of $31.47 and a twelve 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.