First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Stock Holdings Lessened by Accel Wealth Management

Accel Wealth Management trimmed its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 8.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,145 shares of the exchange traded fund’s stock after selling 1,774 shares during the quarter. Accel Wealth Management’s holdings in First Trust Morningstar Dividend Leaders Index were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $795,000. Cullen Frost Bankers Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $47,000. Sykon Capital LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $313,000. Cedrus LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 7.7% in 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 during the period. Finally, Capital Analysts LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 30.4% in the fourth quarter. Capital Analysts LLC now owns 14,939 shares of the exchange traded fund’s stock valued at $536,000 after purchasing an additional 3,484 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Down 0.4 %

Shares of NYSEARCA:FDL traded down $0.16 during trading on Thursday, reaching $37.68. The stock had a trading volume of 165,297 shares, compared to its average volume of 715,489. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $39.02. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The stock has a fifty day simple moving average of $38.09 and a two-hundred day simple moving average of $37.20.

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.