Cambridge Investment Research Advisors Inc. Sells 57,751 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Cambridge Investment Research Advisors Inc. lowered its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 671,391 shares of the exchange traded fund’s stock after selling 57,751 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $25,466,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp bought a new stake in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at approximately $43,000. Cullen Frost Bankers Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at $47,000. Sound Income Strategies LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 1st quarter worth $62,000. Palisade Asset Management LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the 1st quarter valued at about $81,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $79,000.

First Trust Morningstar Dividend Leaders Index Stock Down 0.4 %

First Trust Morningstar Dividend Leaders Index stock traded down $0.16 during midday trading on Tuesday, reaching $41.12. 329,755 shares of the stock traded hands, compared to its average volume of 658,280. First Trust Morningstar Dividend Leaders Index has a 12 month low of $31.47 and a 12 month high of $41.45. The stock’s fifty day moving average is $39.31 and its 200-day moving average is $38.19. The stock has a market cap of $4.29 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.