Stratos Wealth Advisors LLC Sells 1,551 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Stratos Wealth Advisors LLC decreased its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 21.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,737 shares of the exchange traded fund’s stock after selling 1,551 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 1,056.4% in the 1st quarter. Cetera Investment Advisers now owns 2,077,685 shares of the exchange traded fund’s stock valued at $79,949,000 after purchasing an additional 1,898,023 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in First Trust Morningstar Dividend Leaders Index by 9.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,941,020 shares of the exchange traded fund’s stock worth $73,623,000 after acquiring an additional 167,698 shares during the last quarter. Csenge Advisory Group grew its position in First Trust Morningstar Dividend Leaders Index by 6.1% during the 2nd quarter. Csenge Advisory Group now owns 1,740,756 shares of the exchange traded fund’s stock worth $66,027,000 after acquiring an additional 99,653 shares during the last quarter. Cetera Advisors LLC grew its position in First Trust Morningstar Dividend Leaders Index by 2.4% during the 1st quarter. Cetera Advisors LLC now owns 1,530,215 shares of the exchange traded fund’s stock worth $58,883,000 after acquiring an additional 36,135 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in First Trust Morningstar Dividend Leaders Index by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,447,886 shares of the exchange traded fund’s stock worth $54,918,000 after acquiring an additional 52,303 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.4 %

Shares of FDL opened at $42.08 on Wednesday. The company has a market capitalization of $4.39 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 $42.70. The stock’s 50-day moving average price is $41.52 and its two-hundred day moving average price is $39.50.

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.