Moors & Cabot Inc. Sells 927 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Moors & Cabot Inc. cut its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,278 shares of the exchange traded fund’s stock after selling 927 shares during the period. Moors & Cabot Inc.’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,262,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. J.W. Cole Advisors Inc. raised its holdings in First Trust Morningstar Dividend Leaders Index by 0.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 63,357 shares of the exchange traded fund’s stock valued at $2,403,000 after buying an additional 359 shares during the last quarter. Zions Bancorporation N.A. bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the second quarter valued at $205,000. Oppenheimer & Co. Inc. lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 10.7% during the second quarter. Oppenheimer & Co. Inc. now owns 68,821 shares of the exchange traded fund’s stock worth $2,610,000 after purchasing an additional 6,650 shares during the period. Spectrum Wealth Advisory Group LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 5.5% in the second quarter. Spectrum Wealth Advisory Group LLC now owns 280,641 shares of the exchange traded fund’s stock worth $10,645,000 after purchasing an additional 14,598 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in First Trust Morningstar Dividend Leaders Index by 19.6% in the second quarter. Wedbush Securities Inc. now owns 27,406 shares of the exchange traded fund’s stock valued at $1,040,000 after purchasing an additional 4,494 shares during the period.

First Trust Morningstar Dividend Leaders Index Stock Down 0.2 %

Shares of NYSEARCA:FDL opened at $41.74 on Thursday. The firm has a market cap of $4.35 billion, a P/E ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index has a 12-month low of $31.47 and a 12-month high of $42.21. The business has a fifty day simple moving average of $40.42 and a 200 day simple moving average of $38.76.

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.