First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) is HFG Advisors Inc.’s 6th Largest Position

HFG Advisors Inc. trimmed its holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,869 shares of the exchange traded fund’s stock after selling 2,756 shares during the period. First Trust Morningstar Dividend Leaders Index comprises approximately 4.2% of HFG Advisors Inc.’s holdings, making the stock its 6th largest holding. HFG Advisors Inc. owned about 0.11% of First Trust Morningstar Dividend Leaders Index worth $4,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 18.6% during the 4th quarter. International Assets Investment Management LLC now owns 129,523 shares of the exchange traded fund’s stock valued at $4,647,000 after acquiring an additional 20,271 shares during the last quarter. RFG Advisory LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $313,000. Clarus Group Inc. acquired a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $244,000. NewEdge Wealth LLC acquired a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $529,000. Finally, Koshinski Asset Management Inc. increased its holdings in First Trust Morningstar Dividend Leaders Index by 51.6% in the fourth quarter. Koshinski Asset Management Inc. now owns 11,077 shares of the exchange traded fund’s stock valued at $397,000 after buying an additional 3,770 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Down 0.0 %

NYSEARCA:FDL traded down $0.01 during trading hours on Friday, reaching $39.66. 478,869 shares of the stock were exchanged, compared to its average volume of 684,291. The stock has a market capitalization of $4.14 billion, a P/E ratio of 12.51 and a beta of 0.73. The firm has a 50 day simple moving average of $38.81 and a 200-day simple moving average of $37.86. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $40.92.

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.