First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Shares Sold by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC decreased its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 20.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,395 shares of the exchange traded fund’s stock after selling 38,827 shares during the quarter. First Trust Morningstar Dividend Leaders Index makes up about 2.0% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 9th largest position. Mach 1 Financial Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $5,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. CENTRAL TRUST Co acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the third quarter worth approximately $29,000. Whittier Trust Co. bought a new stake in First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth approximately $67,000. GAMMA Investing LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at $93,000. Everett Harris & Co. CA acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at $204,000. Finally, Cutter & CO Brokerage Inc. bought a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at $207,000.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL stock traded down $0.44 during trading hours on Tuesday, hitting $37.15. 837,985 shares of the company’s stock were exchanged, compared to its average volume of 817,617. The stock’s 50-day moving average is $37.35 and its 200-day moving average is $35.74. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $38.54. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 12.41 and a beta of 0.73.

First Trust Morningstar Dividend Leaders Index 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.