GDS Wealth Management Sells 24,443 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

GDS Wealth Management decreased its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 18.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 106,595 shares of the exchange traded fund’s stock after selling 24,443 shares during the period. GDS Wealth Management’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,825,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 2.0% during the 4th quarter. Benjamin Edwards Inc. now owns 14,529 shares of the exchange traded fund’s stock worth $521,000 after purchasing an additional 289 shares during the last quarter. Waterfront Wealth Inc. increased its position in First Trust Morningstar Dividend Leaders Index by 4.4% in the fourth quarter. Waterfront Wealth Inc. now owns 7,815 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 329 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 2.3% in the third quarter. Sound View Wealth Advisors Group LLC now owns 17,376 shares of the exchange traded fund’s stock valued at $581,000 after buying an additional 396 shares during the period. Bank of Nova Scotia lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 2.1% during the 3rd quarter. Bank of Nova Scotia now owns 25,815 shares of the exchange traded fund’s stock valued at $863,000 after buying an additional 540 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 8.9% during the 4th quarter. Avior Wealth Management LLC now owns 7,180 shares of the exchange traded fund’s stock worth $258,000 after acquiring an additional 586 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Up 0.7 %

First Trust Morningstar Dividend Leaders Index stock traded up $0.27 during midday trading on Thursday, reaching $38.39. The stock had a trading volume of 480,038 shares, compared to its average volume of 811,322. The firm has a market capitalization of $4.00 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 12 month low of $31.47 and a 12 month high of $38.54. The firm’s 50-day moving average price is $37.52 and its 200 day moving average price is $35.94.

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.