Mach 1 Financial Group LLC Sells 77,473 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Mach 1 Financial Group LLC decreased its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 46.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,871 shares of the exchange traded fund’s stock after selling 77,473 shares during the quarter. First Trust Morningstar Dividend Leaders Index makes up 2.3% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 12th largest position. Mach 1 Financial Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,810,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. XML Financial LLC increased its position in First Trust Morningstar Dividend Leaders Index by 34.9% during the 3rd quarter. XML Financial LLC now owns 13,024 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 3,370 shares during the period. Atria Investments Inc boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.6% during the 3rd quarter. Atria Investments Inc now owns 35,197 shares of the exchange traded fund’s stock valued at $1,477,000 after purchasing an additional 558 shares in the last quarter. Assetmark Inc. increased its position 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 period. Concurrent Investment Advisors LLC raised its stake in First Trust Morningstar Dividend Leaders Index by 1.7% in the third quarter. Concurrent Investment Advisors LLC now owns 107,210 shares of the exchange traded fund’s stock worth $4,497,000 after buying an additional 1,816 shares in the last quarter. Finally, Maia Wealth LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter worth about $701,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

FDL stock opened at $42.54 on Friday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $32.30 and a fifty-two week high of $42.96. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The business’s 50 day moving average price is $41.85 and its two-hundred day moving average price is $39.93.

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.