Moors & Cabot Inc. Sells 1,811 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Moors & Cabot Inc. decreased its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.4% during the third quarter, HoldingsChannel reports. The firm owned 31,467 shares of the exchange traded fund’s stock after selling 1,811 shares during the quarter. Moors & Cabot Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FDL. Darwin Wealth Management LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth about $161,000. Retireful LLC bought a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth approximately $4,872,000. Signature Estate & Investment Advisors LLC increased its position in First Trust Morningstar Dividend Leaders Index by 24.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 7,416 shares of the exchange traded fund’s stock worth $311,000 after buying an additional 1,460 shares during the period. Neumann Capital Management LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter worth approximately $732,000. Finally, ROI Financial Advisors LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 3.0% in the third quarter. ROI Financial Advisors LLC now owns 73,646 shares of the exchange traded fund’s stock valued at $3,089,000 after acquiring an additional 2,130 shares during the period.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of First Trust Morningstar Dividend Leaders Index stock opened at $42.83 on Friday. The company has a market cap of $4.47 billion, a PE ratio of 12.51 and a beta of 0.73. The firm has a fifty day moving average price of $42.01 and a two-hundred day moving average price of $40.21. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $33.73 and a fifty-two week high of $42.96.

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.