Elevated Capital Advisors LLC Sells 2,460 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Elevated Capital Advisors LLC cut its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,403 shares of the exchange traded fund’s stock after selling 2,460 shares during the period. First Trust Morningstar Dividend Leaders Index accounts for 1.3% of Elevated Capital Advisors LLC’s portfolio, making the stock its 15th largest holding. Elevated Capital Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $4,727,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC lifted its holdings in 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 valued at $27,000 after purchasing an additional 401 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth $39,000. Blue Trust Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth $46,000. Valley National Advisers Inc. raised its holdings in First Trust Morningstar Dividend Leaders Index by 339.2% during the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock valued at $105,000 after acquiring an additional 1,957 shares during the period. Finally, Assetmark Inc. lifted its position in shares of 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 acquiring an additional 382 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of NYSEARCA:FDL traded up $0.34 during trading on Monday, hitting $40.05. 448,151 shares of the company’s stock were exchanged, compared to its average volume of 515,912. The business’s 50-day simple moving average is $41.70 and its 200 day simple moving average is $41.05. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52-week low of $35.03 and a 52-week 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.