Wetzel Investment Advisors Inc. Has $4.39 Million Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Wetzel Investment Advisors Inc. cut its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,324 shares of the exchange traded fund’s stock after selling 3,278 shares during the period. First Trust Morningstar Dividend Leaders Index accounts for approximately 2.2% of Wetzel Investment Advisors Inc.’s holdings, making the stock its 12th biggest holding. Wetzel Investment Advisors Inc. owned about 0.10% of First Trust Morningstar Dividend Leaders Index worth $4,394,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Pathway Financial Advisers LLC raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 124.5% during the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 401 shares during the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth $39,000. Blue Trust Inc. bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at $46,000. Valley National Advisers Inc. lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 339.2% in the 3rd quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock valued at $105,000 after purchasing an additional 1,957 shares during the period. Finally, Assetmark Inc. boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after purchasing an additional 382 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 1.8 %

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $41.98 on Tuesday. The business has a fifty day simple moving average of $41.42 and a 200 day simple moving average of $41.29. The stock has a market cap of $4.38 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 12 month low of $35.45 and a 12 month high of $44.07.

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.