Sunbelt Securities Inc. Sells 1,491 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Sunbelt Securities Inc. lessened its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,752 shares of the exchange traded fund’s stock after selling 1,491 shares during the quarter. Sunbelt Securities Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pathway Financial Advisers LLC increased its holdings in First Trust Morningstar Dividend Leaders Index by 124.5% during the 2nd 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 during the period. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter valued at approximately $39,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the second quarter valued at approximately $38,000. Blue Trust Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter valued at approximately $46,000. Finally, Valley National Advisers Inc. lifted its stake in First Trust Morningstar Dividend Leaders Index by 339.2% in the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after acquiring an additional 1,957 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Down 0.2 %

NYSEARCA:FDL opened at $41.90 on Friday. The firm’s fifty day simple moving average is $42.41 and its 200 day simple moving average is $40.69. The stock has a market cap of $4.37 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a twelve month low of $34.67 and a twelve month 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.