Orion Portfolio Solutions LLC Reduces Position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Orion Portfolio Solutions LLC lessened its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,629 shares of the exchange traded fund’s stock after selling 7,808 shares during the period. Orion Portfolio Solutions LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,215,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.2% in the 2nd quarter. D.A. Davidson & CO. now owns 221,565 shares of the exchange traded fund’s stock valued at $8,404,000 after buying an additional 2,615 shares during the period. Belpointe Asset Management LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 9.9% in the 2nd quarter. Belpointe Asset Management LLC now owns 17,388 shares of the exchange traded fund’s stock valued at $660,000 after buying an additional 1,571 shares during the period. Aptus Capital Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 2nd quarter valued at approximately $213,000. CWM LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 59.5% in the 3rd quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock valued at $772,000 after buying an additional 6,865 shares during the period. Finally, Summit Financial LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 2nd quarter valued at approximately $504,000.

First Trust Morningstar Dividend Leaders Index Price Performance

First Trust Morningstar Dividend Leaders Index stock opened at $42.41 on Wednesday. The firm has a 50 day simple moving average of $42.39 and a 200-day simple moving average of $40.67. First Trust Morningstar Dividend Leaders Index has a 1-year low of $34.67 and a 1-year high of $44.07. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

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.