First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) is Key Client Fiduciary Advisors LLC’s 5th Largest Position

Key Client Fiduciary Advisors LLC reduced its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 174,835 shares of the exchange traded fund’s stock after selling 3,264 shares during the period. First Trust Morningstar Dividend Leaders Index comprises about 3.1% of Key Client Fiduciary Advisors LLC’s portfolio, making the stock its 5th biggest holding. Key Client Fiduciary Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $7,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 124.5% in the 2nd 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. Moisand Fitzgerald Tamayo LLC bought a new stake in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth approximately $39,000. Blue Trust Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter worth approximately $46,000. Valley National Advisers Inc. grew its position in First Trust Morningstar Dividend Leaders Index by 339.2% during the third quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock valued at $105,000 after acquiring an additional 1,957 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of 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 worth $128,000 after acquiring an additional 382 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of FDL opened at $41.08 on Friday. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $35.45 and a fifty-two week high of $44.07. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The firm has a 50 day moving average price of $41.45 and a 200-day moving average price of $41.20.

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.