First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 992,531 shares of the exchange traded fund’s stock after selling 16,680 shares during the quarter. Envestnet Asset Management Inc. owned 0.95% of First Trust Morningstar Dividend Leaders Index worth $37,647,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in First Trust Morningstar Dividend Leaders Index by 1,056.4% in the first quarter. Cetera Investment Advisers now owns 2,077,685 shares of the exchange traded fund’s stock valued at $79,949,000 after acquiring an additional 1,898,023 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 9.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,941,020 shares of the exchange traded fund’s stock valued at $73,623,000 after purchasing an additional 167,698 shares during the period. Csenge Advisory Group boosted its holdings in First Trust Morningstar Dividend Leaders Index by 6.1% during the second quarter. Csenge Advisory Group now owns 1,740,756 shares of the exchange traded fund’s stock worth $66,027,000 after buying an additional 99,653 shares in the last quarter. Cetera Advisors LLC grew its position in First Trust Morningstar Dividend Leaders Index by 2.4% during the first quarter. Cetera Advisors LLC now owns 1,530,215 shares of the exchange traded fund’s stock valued at $58,883,000 after buying an additional 36,135 shares during the period. Finally, TRUE Private Wealth Advisors increased its holdings in First Trust Morningstar Dividend Leaders Index by 14.5% in the first quarter. TRUE Private Wealth Advisors now owns 1,108,956 shares of the exchange traded fund’s stock valued at $42,670,000 after buying an additional 140,840 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $41.86 on Friday. The firm has a 50-day simple moving average of $40.56 and a two-hundred day simple moving average of $38.80. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $31.47 and a fifty-two week high of $42.21. The company has a market cap of $4.37 billion, a P/E ratio of 12.51 and a beta of 0.73.

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.