First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) is Mach 1 Financial Group LLC’s 9th Largest Position

Mach 1 Financial Group LLC lessened its stake in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) by 20.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,395 shares of the exchange traded fund’s stock after selling 38,827 shares during the quarter. First Trust Morningstar Dividend Leaders Index accounts for about 2.0% of Mach 1 Financial Group LLC’s portfolio, making the stock its 9th largest holding. Mach 1 Financial Group LLC owned about 0.12% of First Trust Morningstar Dividend Leaders Index worth $5,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. CENTRAL TRUST Co acquired a new position in shares of First Trust Morningstar Dividend Leaders Index in the third quarter worth about $29,000. Whittier Trust Co. acquired a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth about $67,000. GAMMA Investing LLC purchased a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth approximately $93,000. Everett Harris & Co. CA acquired a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $204,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter valued at approximately $207,000.

First Trust Morningstar Dividend Leaders Index Stock Down 1.2 %

Shares of NYSEARCA FDL traded down $0.44 during trading on Tuesday, hitting $37.15. The company had a trading volume of 837,985 shares, compared to its average volume of 817,617. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $31.47 and a fifty-two week high of $38.54. The stock has a fifty day simple moving average of $37.35 and a two-hundred day simple moving average of $35.74. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 12.41 and a beta of 0.73.

About First Trust Morningstar Dividend Leaders Index

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.