Bison Wealth LLC Sells 1,389 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Bison Wealth LLC trimmed its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,648 shares of the exchange traded fund’s stock after selling 1,389 shares during the period. Bison Wealth LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $670,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 7.8% in the 4th quarter. LPL Financial LLC now owns 9,111,719 shares of the exchange traded fund’s stock valued at $366,838,000 after purchasing an additional 656,768 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter worth $127,327,000. Wells Fargo & Company MN boosted its stake in First Trust Morningstar Dividend Leaders Index by 11.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,739,773 shares of the exchange traded fund’s stock valued at $110,303,000 after buying an additional 272,247 shares during the period. Rockport Wealth LLC grew its position in First Trust Morningstar Dividend Leaders Index by 19.6% during the fourth quarter. Rockport Wealth LLC now owns 1,951,507 shares of the exchange traded fund’s stock worth $78,568,000 after buying an additional 319,857 shares in the last quarter. Finally, Csenge Advisory Group increased its stake in First Trust Morningstar Dividend Leaders Index by 0.8% in the 4th quarter. Csenge Advisory Group now owns 1,741,230 shares of the exchange traded fund’s stock worth $70,102,000 after acquiring an additional 13,574 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.7 %

Shares of FDL opened at $41.16 on Wednesday. First Trust Morningstar Dividend Leaders Index has a 12-month low of $37.13 and a 12-month high of $44.35. The company has a market cap of $5.21 billion, a PE ratio of 14.88 and a beta of 0.77. The stock has a 50-day moving average price of $41.87 and a 200-day moving average price of $41.80.

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.