Elevated Capital Advisors LLC Sells 1,339 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Elevated Capital Advisors LLC trimmed its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,863 shares of the exchange traded fund’s stock after selling 1,339 shares during the quarter. First Trust Morningstar Dividend Leaders Index accounts for approximately 1.3% of Elevated Capital Advisors LLC’s holdings, making the stock its 15th biggest holding. Elevated Capital Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $5,028,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDL. Pathway Financial Advisers LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 124.5% during the 2nd quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the second quarter worth $38,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter worth $39,000. Blue Trust Inc. bought a new position in First Trust Morningstar Dividend Leaders Index in the third quarter worth $46,000. Finally, Sound Income Strategies LLC purchased a new position in First Trust Morningstar Dividend Leaders Index during the first quarter valued at $62,000.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of NYSEARCA FDL opened at $42.08 on Wednesday. First Trust Morningstar Dividend Leaders Index has a 1 year low of $31.47 and a 1 year high of $42.70. The firm has a 50-day moving average of $41.52 and a 200 day moving average of $39.50. The stock has a market cap of $4.39 billion, a P/E ratio of 12.51 and a beta of 0.73.

First Trust Morningstar Dividend Leaders Index 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.