Mattern Wealth Management LLC Lowers Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Mattern Wealth Management LLC reduced its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,177 shares of the exchange traded fund’s stock after selling 806 shares during the quarter. Mattern Wealth Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pathway Financial Advisers LLC grew its stake in First Trust Morningstar Dividend Leaders Index by 124.5% during the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 401 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the third quarter valued at about $39,000. Blue Trust Inc. bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth about $46,000. Valley National Advisers Inc. lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 339.2% in the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after buying an additional 1,957 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in 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 last quarter.

First Trust Morningstar Dividend Leaders Index Price Performance

NYSEARCA FDL opened at $41.98 on Tuesday. The stock has a market capitalization of $4.38 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 1-year low of $35.45 and a 1-year high of $44.07. The business has a 50 day simple moving average of $41.42 and a two-hundred day simple moving average of $41.29.

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.