United Bank Sells 3,102 Shares of First Trust Morningstar Dividend Leaders Index (FDL)

United Bank lowered its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,477 shares of the exchange traded fund’s stock after selling 3,102 shares during the quarter. United Bank’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of FDL. Trust Department MB Financial Bank N A purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the second quarter worth $377,000. Kovack Advisors Inc. increased its position in shares of First Trust Morningstar Dividend Leaders Index by 49.3% during the third quarter. Kovack Advisors Inc. now owns 14,643 shares of the exchange traded fund’s stock worth $437,000 after acquiring an additional 4,838 shares during the period. We Are One Seven LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the third quarter worth $459,000. V Wealth Management LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the second quarter worth $502,000. Finally, High Falls Advisors Inc increased its position in shares of First Trust Morningstar Dividend Leaders Index by 109.4% during the second quarter. High Falls Advisors Inc now owns 22,804 shares of the exchange traded fund’s stock worth $652,000 after acquiring an additional 11,915 shares during the period.

NYSEARCA:FDL traded up $0.22 during trading hours on Wednesday, hitting $29.83. The company’s stock had a trading volume of 28,759 shares, compared to its average volume of 172,075. First Trust Morningstar Dividend Leaders Index has a 52-week low of $27.37 and a 52-week high of $31.14.

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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.

See Also: Fiduciary

Institutional Ownership by Quarter for First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

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