Mutual Advisors LLC holds a $254,000 stake in the First Trust Morningstar Dividend Leaders Index (NYSEARCA: FDL).

2 min read | January 29, 2025 07:29 PM AEDT | By Team Kalkine Media

Google News:

Mutual Advisors LLC holds a $254,000 stake in the First Trust Morningstar Dividend Leaders Index (NYSEARCA: FDL). — Image source: Shutterstock

Recent News

Santos (ASX:STO) After the Takeover Collapse: Bargain or Value Trap?

Why Pro Medicus (ASX:PME) Is Leading the Growth Stock Conversation

Is 360 (ASX:360) Amid ASX 200 Revealing Growth’s New Reality?

Why 360 (ASX:360) ASX 200 Is Facing a New Growth Test

Make Kalkine Media
My Trusted Source

Headlines

Mutual Advisors LLC reduced its position in FDL by 6.1% during the fourth quarter.

Numerous institutional investors have adjusted their holdings in FDL recently.

FDL's share price fluctuates between a 12-month low of $35.45 and a high of $44.07.

In the latest developments for the First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL), Mutual Advisors LLC reported a 6.1% decrease in its holdings during the fourth quarter, as revealed in its 13F filing with the Securities and Exchange Commission (SEC). This change resulted in the firm holding 6,213 shares valued at $254,000. Mutual Advisors LLC was not alone in this repositioning, as other institutional investors also made significant adjustments to their FDL holdings in recent months.

For instance, Freedom Investment Management Inc. expanded its stake by 4.2% in the third quarter, holding now 6,074 shares, worth $255,000. Aptus Capital Advisors LLC increased its shares by 4.5% during the same period, amounting to 5,853 shares valued at $246,000. Similarly, Creative Planning boosted its holdings by 1.1% in the second quarter, acquiring 29,159 shares worth $1,106,000. KMG Fiduciary Partners LLC also grew its FDL stake by 1.4% during the fourth quarter, translating to 24,417 shares worth $983,000.

Assetmark Inc. made a notable increase of 14.4% in its holdings during the third quarter, finishing with 3,042 shares valued at $128,000. As of the latest trading figures, FDL shares opened at $41.63. The fund has experienced a 12-month low of $35.45 and a high of $44.07. The stock's performance is reflected in a market capitalization of $4.34 billion, a P/E ratio of 12.51, and a beta of 0.73.

Designed to correspond to the price and yield of the Morningstar Dividend Leaders Index, the First Trust Morningstar Dividend Leaders Index Fund aims to invest at least 90% of its net assets in the common stocks that comprise the Index. Those interested in further insights into FDL's holdings and institutional activities can visit HoldingsChannel.com for the latest 13F filings and insider trades. To stay updated with the latest news and analysis related to FDL, signing up for concise daily summaries from MarketBeat.com is highly recommended.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.