Western Wealth Management LLC Has $1.03 Million Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Western Wealth Management LLC cut its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,756 shares of the exchange traded fund’s stock after selling 1,349 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,032,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Cedrus LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.7% during the fourth quarter. Cedrus LLC now owns 59,459 shares of the exchange traded fund’s stock valued at $2,133,000 after purchasing an additional 4,241 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 94.0% during the fourth quarter. IFP Advisors Inc now owns 53,215 shares of the exchange traded fund’s stock valued at $1,909,000 after purchasing an additional 25,783 shares in the last quarter. Capital Analysts LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 30.4% during the fourth quarter. Capital Analysts LLC now owns 14,939 shares of the exchange traded fund’s stock worth $536,000 after acquiring an additional 3,484 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $767,000. Finally, Collaborative Wealth Managment Inc. raised its position in shares of First Trust Morningstar Dividend Leaders Index by 4.7% during the third quarter. Collaborative Wealth Managment Inc. now owns 72,388 shares of the exchange traded fund’s stock worth $2,421,000 after acquiring an additional 3,244 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL opened at $37.25 on Friday. First Trust Morningstar Dividend Leaders Index has a 1 year low of $31.47 and a 1 year high of $38.54. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 12.41 and a beta of 0.73. The business has a 50-day moving average of $37.18 and a 200-day moving average of $35.50.

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.