PCG Wealth Advisors LLC Lowers Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

PCG Wealth Advisors LLC reduced its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 79,672 shares of the exchange traded fund’s stock after selling 1,255 shares during the quarter. PCG Wealth Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDL. Pathway Financial Advisers LLC grew its stake in shares of 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 buying an additional 401 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter valued at about $39,000. Blue Trust Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter valued at about $46,000. Valley National Advisers Inc. grew its stake in shares of 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 buying an additional 1,957 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 14.4% during 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 last quarter.

First Trust Morningstar Dividend Leaders Index Trading Up 0.4 %

Shares of NYSEARCA:FDL opened at $41.25 on Friday. The stock’s 50-day moving average price is $41.43 and its 200-day moving average price is $41.22. First Trust Morningstar Dividend Leaders Index has a 12-month low of $35.45 and a 12-month high of $44.07. The stock has a market capitalization of $4.30 billion, a P/E ratio of 12.51 and a beta of 0.73.

First Trust Morningstar Dividend Leaders Index Company 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.