Nations Financial Group Inc. IA ADV Has $1.22 Million Stock Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Nations Financial Group Inc. IA ADV lessened its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 9.4% during the 4th quarter, HoldingsChannel reports. The fund owned 30,201 shares of the exchange traded fund’s stock after selling 3,131 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,216,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Freedom Investment Management Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 4.2% during the 3rd quarter. Freedom Investment Management Inc. now owns 6,074 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 245 shares during the period. Aptus Capital Advisors LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 4.5% during the third quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock worth $246,000 after purchasing an additional 250 shares during the period. KMG Fiduciary Partners LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 1.4% in the fourth quarter. KMG Fiduciary Partners LLC now owns 24,417 shares of the exchange traded fund’s stock valued at $983,000 after purchasing an additional 335 shares during the last quarter. Assetmark Inc. lifted its stake in First Trust Morningstar Dividend Leaders Index by 14.4% in the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after buying an additional 382 shares during the period. Finally, Gladstone Institutional Advisory LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 1.4% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 36,962 shares of the exchange traded fund’s stock worth $1,488,000 after buying an additional 523 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of FDL stock opened at $42.59 on Monday. The stock has a market cap of $4.44 billion, a PE ratio of 12.51 and a beta of 0.73. The stock has a 50-day moving average of $41.06 and a 200-day moving average of $41.48. First Trust Morningstar Dividend Leaders Index has a one year low of $36.01 and a one year 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.