HC Advisors LLC Reduces Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

HC Advisors LLC reduced its holdings in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 369,217 shares of the exchange traded fund’s stock after selling 1,020 shares during the quarter. First Trust Morningstar Dividend Leaders Index makes up approximately 11.9% of HC Advisors LLC’s investment portfolio, making the stock its 2nd largest position. HC Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $14,865,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FDL. Blue Trust Inc. purchased a new stake in First Trust Morningstar Dividend Leaders Index in the third quarter worth $46,000. Synergy Asset Management LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at $46,000. Assetmark Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 14.4% in the third quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after purchasing an additional 382 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index by 33.6% in the fourth quarter. Valley National Advisers Inc. now owns 3,386 shares of the exchange traded fund’s stock valued at $135,000 after purchasing an additional 852 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at $143,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

Shares of NYSEARCA FDL opened at $43.33 on Friday. The stock has a market cap of $4.94 billion, a PE ratio of 19.12 and a beta of 0.90. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $36.25 and a fifty-two week high of $44.07. The stock has a fifty day moving average of $41.41 and a 200-day moving average of $41.68.

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.