Sunbelt Securities Inc. Sells 1,491 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Sunbelt Securities Inc. lessened its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 12.2% in the third quarter, HoldingsChannel reports. The firm owned 10,752 shares of the exchange traded fund’s stock after selling 1,491 shares during the quarter. Sunbelt Securities Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $451,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC raised its holdings in First Trust Morningstar Dividend Leaders Index by 124.5% in the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 401 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the 2nd quarter worth about $38,000. Moisand Fitzgerald Tamayo LLC purchased a new position in First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at about $39,000. Blue Trust Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter worth about $46,000. Finally, Strategic Financial Concepts LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 1,737.5% in the second quarter. Strategic Financial Concepts LLC now owns 164,030 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 155,103 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of NYSEARCA FDL opened at $41.90 on Friday. The company has a 50 day simple moving average of $42.41 and a two-hundred day simple moving average of $40.69. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $34.67 and a fifty-two week high of $44.07. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

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.