FDL: Dividend Aristocrats Are A Tired, Old Strategy
First Trust Morningstar Dividend Leaders Index Fund ETF is well-constructed, but passive dividend stock indexing has issues. FDL prioritizes dividend stability and growth, but market volatility and cyclical nature of dividend stocks pose risks. I prefer a more active approach to dividend stock investing over traditional buy and hold strategies like FDL.
Kingsview Wealth Management LLC Decreases Stock Holdings in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)
Kingsview Wealth Management LLC decreased its stake in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL – Free Report) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,368 shares of the exchange traded fund’s stock after selling 9,464 shares during the period. Kingsview Wealth Management LLC’s holdings in First Trust Morningstar Dividend Leaders Index were worth $1,125,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDL. International Assets Investment Management LLC boosted its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4,153.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,647,283 shares of the exchange traded fund’s stock worth $166,745,000 after buying an additional 4,538,031 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index by 6.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,565,995 shares of the exchange traded fund’s stock worth $85,829,000 after purchasing an additional 163,492 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in First Trust Morningstar Dividend Leaders Index in the 3rd quarter worth $4,625,000. Wetzel Investment Advisors Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at $4,065,000. Finally, Advisor Resource Council grew its holdings in First Trust Morningstar Dividend Leaders Index by 390.7% during the fourth quarter. Advisor Resource Council now owns 116,104 shares of the exchange traded fund’s stock valued at $4,166,000 after purchasing an additional 92,444 shares during the period. First Trust Morningstar Dividend Leaders Index Stock Up 0.3 % Shares of FDL opened at $39.01 on Monday. The business has a 50-day simple moving average of $37.78 and a two-hundred day simple moving average of $36.29. First Trust Morningstar Dividend Leaders Index has a 52 week low of $31.47 and a 52 week high of $39.01. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. First Trust Morningstar Dividend Leaders Index Profile (Free Report) 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.
