First Heartland Consultants Inc. Sells 120,782 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

First Heartland Consultants Inc. trimmed its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 50.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,959 shares of the exchange traded fund’s stock after selling 120,782 shares during the period. First Heartland Consultants Inc. owned approximately 0.11% of First Trust Morningstar Dividend Leaders Index worth $4,948,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pathway Financial Advisers LLC boosted its stake 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 worth $27,000 after acquiring an additional 401 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth about $39,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the 2nd quarter worth about $38,000. Blue Trust Inc. acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index in the 3rd quarter valued at about $46,000. Finally, Valley National Advisers Inc. increased its position in 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 buying an additional 1,957 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of NYSEARCA:FDL traded down $0.04 during trading on Tuesday, reaching $42.20. 61,880 shares of the stock were exchanged, compared to its average volume of 593,301. First Trust Morningstar Dividend Leaders Index has a 1-year low of $32.41 and a 1-year high of $42.96. The stock has a fifty day moving average of $41.86 and a two-hundred day moving average of $39.97. The firm has a market cap of $4.40 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.