Flynn Zito Capital Management LLC Sells 4,089 Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Flynn Zito Capital Management LLC lowered its position in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 19.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,916 shares of the exchange traded fund’s stock after selling 4,089 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FDL. CENTRAL TRUST Co bought a new stake in First Trust Morningstar Dividend Leaders Index during the third quarter valued at about $29,000. Tower Research Capital LLC TRC grew its holdings in First Trust Morningstar Dividend Leaders Index by 541.0% during the first quarter. Tower Research Capital LLC TRC now owns 859 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 725 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the second quarter worth about $50,000. Whittier Trust Co. bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth about $67,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $91,000.

First Trust Morningstar Dividend Leaders Index Price Performance

Shares of NYSEARCA FDL traded up $0.10 during mid-day trading on Thursday, reaching $36.62. The company’s stock had a trading volume of 1,140,731 shares, compared to its average volume of 812,459. The firm has a market capitalization of $3.86 billion, a PE ratio of 12.41 and a beta of 0.73. The stock has a fifty day moving average of $37.14 and a two-hundred day moving average of $35.47. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $38.54.

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.