Orion Portfolio Solutions LLC Sells 13,535 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Orion Portfolio Solutions LLC reduced its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 13.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,415 shares of the exchange traded fund’s stock after selling 13,535 shares during the period. Orion Portfolio Solutions LLC owned about 0.09% of First Trust Morningstar Dividend Leaders Index worth $3,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDL. Kingsview Wealth Management LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 10.2% in the first quarter. Kingsview Wealth Management LLC now owns 34,579 shares of the exchange traded fund’s stock worth $1,331,000 after purchasing an additional 3,211 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 4.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 273,941 shares of the exchange traded fund’s stock valued at $10,541,000 after buying an additional 12,798 shares during the last quarter. WMG Financial Advisors LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 5.6% in the first quarter. WMG Financial Advisors LLC now owns 12,563 shares of the exchange traded fund’s stock valued at $483,000 after buying an additional 661 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of First Trust Morningstar Dividend Leaders Index by 2.4% during the first quarter. Oppenheimer & Co. Inc. now owns 62,171 shares of the exchange traded fund’s stock worth $2,392,000 after acquiring an additional 1,468 shares during the last quarter. Finally, Advisory Alpha LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 5.8% during the first quarter. Advisory Alpha LLC now owns 161,021 shares of the exchange traded fund’s stock worth $6,196,000 after acquiring an additional 8,893 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Down 0.5 %

FDL stock traded down $0.19 during trading on Friday, hitting $39.91. The company had a trading volume of 257,355 shares, compared to its average volume of 689,422. The stock has a market cap of $4.16 billion, a PE ratio of 12.51 and a beta of 0.73. The business has a 50-day moving average of $38.36 and a 200-day moving average of $37.43. First Trust Morningstar Dividend Leaders Index has a one year low of $31.47 and a one year high of $40.78.

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.