Quad Cities Investment Group LLC Reduces Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Quad Cities Investment Group LLC reduced its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,009 shares of the exchange traded fund’s stock after selling 3,642 shares during the period. First Trust Morningstar Dividend Leaders Index comprises 0.9% of Quad Cities Investment Group LLC’s portfolio, making the stock its 26th largest holding. Quad Cities Investment Group LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,893,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,017,098 shares of the exchange traded fund’s stock worth $42,667,000 after purchasing an additional 71,997 shares in the last quarter. FMR LLC increased its position in First Trust Morningstar Dividend Leaders Index by 67.8% in the third quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock worth $968,000 after buying an additional 9,320 shares in the last quarter. CWM LLC increased its position in First Trust Morningstar Dividend Leaders Index by 59.5% in the third quarter. CWM LLC now owns 18,411 shares of the exchange traded fund’s stock worth $772,000 after buying an additional 6,865 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of First Trust Morningstar Dividend Leaders Index by 15.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 86,644 shares of the exchange traded fund’s stock worth $3,286,000 after buying an additional 11,607 shares during the period. Finally, Blue Trust Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at about $46,000.

First Trust Morningstar Dividend Leaders Index Trading Up 0.9 %

Shares of NYSEARCA:FDL opened at $40.05 on Tuesday. First Trust Morningstar Dividend Leaders Index has a 12-month low of $35.03 and a 12-month high of $44.07. The company has a market cap of $4.18 billion, a PE ratio of 12.51 and a beta of 0.73. The stock has a 50 day moving average of $41.70 and a 200 day moving average of $41.05.

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.