First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

by · The Markets Daily

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $46.60 and traded as high as $49.92. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $49.63, with a volume of 625,227 shares.

First Trust Morningstar Dividend Leaders Index Fund Trading Up 1.2%

The company has a market capitalization of $7.33 billion, a P/E ratio of 13.96 and a beta of 0.65. The firm’s 50 day moving average price is $50.27 and its two-hundred day moving average price is $46.64.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mayflower Financial Advisors LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the first quarter valued at $263,000. Intrua Financial LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 3.4% in the first quarter. Intrua Financial LLC now owns 19,836 shares of the exchange traded fund’s stock valued at $1,008,000 after buying an additional 651 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 7.5% in the first quarter. Continuum Advisory LLC now owns 29,507 shares of the exchange traded fund’s stock valued at $1,499,000 after buying an additional 2,058 shares in the last quarter. Asset Allocation Strategies LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the first quarter valued at $426,000. Finally, Networth Advisors LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the first quarter valued at $51,000.

First Trust Morningstar Dividend Leaders Index Fund Company Profile

(Get 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. The objective of the Index is to offer investors a benchmark for dividend portfolios, as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends, as well as the ability to sustain them.

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