Salomon & Ludwin LLC Sells 5,395 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Salomon & Ludwin LLC lessened its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 6.3% during the 4th quarter, Holdings Channel reports. The fund owned 79,841 shares of the exchange traded fund’s stock after selling 5,395 shares during the period. Salomon & Ludwin LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $3,214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth $46,000. Synergy Asset Management LLC bought a new position in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $46,000. Valley National Advisers Inc. lifted its position in shares of 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 buying an additional 1,957 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the 3rd 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 in the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the 4th quarter worth approximately $143,000.

First Trust Morningstar Dividend Leaders Index Stock Up 0.0 %

NYSEARCA FDL opened at $42.59 on Friday. The firm has a market cap of $4.44 billion, a PE ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 52 week low of $36.01 and a 52 week high of $44.07. The company has a 50 day moving average price of $41.06 and a 200 day moving average price of $41.47.

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.