United Bank Sells 757 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

United Bank reduced its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,955 shares of the exchange traded fund’s stock after selling 757 shares during the quarter. United Bank’s holdings in First Trust Morningstar Dividend Leaders Index were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in First Trust Morningstar Dividend Leaders Index by 4,114.5% during the 3rd quarter. International Assets Investment Management LLC now owns 5,452,833 shares of the exchange traded fund’s stock worth $228,746,000 after buying an additional 5,323,451 shares during the period. Cetera Investment Advisers increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 1,056.4% in the 1st quarter. Cetera Investment Advisers now owns 2,077,685 shares of the exchange traded fund’s stock valued at $79,949,000 after acquiring an additional 1,898,023 shares in the last quarter. First Heartland Consultants Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 348.2% in the 2nd quarter. First Heartland Consultants Inc. now owns 238,741 shares of the exchange traded fund’s stock valued at $9,055,000 after acquiring an additional 185,470 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 9.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,941,020 shares of the exchange traded fund’s stock valued at $73,623,000 after acquiring an additional 167,698 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 1,737.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock valued at $62,000 after acquiring an additional 155,103 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Up 0.1 %

NYSEARCA:FDL opened at $42.54 on Friday. The company has a fifty day moving average of $41.85 and a 200-day moving average of $39.91. The firm has a market capitalization of $4.44 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 $32.30 and a twelve month high of $42.96.

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.