Snowden Capital Advisors LLC Trims Stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Snowden Capital Advisors LLC lessened its position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,561 shares of the exchange traded fund’s stock after selling 2,762 shares during the quarter. Snowden Capital Advisors LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $2,036,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in First Trust Morningstar Dividend Leaders Index by 18.1% in the fourth quarter. Royal Bank of Canada now owns 1,967,996 shares of the exchange traded fund’s stock valued at $79,231,000 after buying an additional 301,639 shares during the last quarter. NorthRock Partners LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at $304,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at $1,492,000. CoreCap Advisors LLC boosted its stake in First Trust Morningstar Dividend Leaders Index by 1.0% during the 4th quarter. CoreCap Advisors LLC now owns 28,411 shares of the exchange traded fund’s stock worth $1,144,000 after purchasing an additional 282 shares during the period. Finally, Cresset Asset Management LLC grew its position in First Trust Morningstar Dividend Leaders Index by 22.2% during the 4th quarter. Cresset Asset Management LLC now owns 16,395 shares of the exchange traded fund’s stock worth $660,000 after purchasing an additional 2,975 shares during the last quarter.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA FDL opened at $42.06 on Friday. The firm’s fifty day moving average is $41.33 and its two-hundred day moving average is $41.73. First Trust Morningstar Dividend Leaders Index has a one year low of $37.29 and a one year high of $44.35. The firm has a market cap of $5.41 billion, a PE ratio of 15.19 and a beta of 0.75.

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.