Janney Montgomery Scott LLC Decreases Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Janney Montgomery Scott LLC cut its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 570,275 shares of the exchange traded fund’s stock after selling 9,236 shares during the period. Janney Montgomery Scott LLC owned approximately 0.55% of First Trust Morningstar Dividend Leaders Index worth $21,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in FDL. Jones Financial Companies Lllp purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at about $43,000. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $47,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 1st quarter worth approximately $62,000. Transcendent Capital Group LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at approximately $79,000. Finally, GAMMA Investing LLC acquired a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $93,000.

First Trust Morningstar Dividend Leaders Index Trading Down 0.1 %

First Trust Morningstar Dividend Leaders Index stock traded down $0.02 during mid-day trading on Friday, hitting $37.66. The company’s stock had a trading volume of 262,696 shares, compared to its average volume of 711,951. First Trust Morningstar Dividend Leaders Index has a 1 year low of $31.47 and a 1 year high of $39.02. The firm has a market capitalization of $3.93 billion, a PE ratio of 12.51 and a beta of 0.73. The stock’s fifty day moving average is $38.10 and its two-hundred day moving average is $37.21.

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.