First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Trading Down 0.9% – Here’s What Happened

by · The Cerbat Gem

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD – Get Free Report) dropped 0.9% on Tuesday . The company traded as low as $49.69 and last traded at $49.69. Approximately 364,905 shares were traded during trading, a decline of 55% from the average session volume of 819,567 shares. The stock had previously closed at $50.12.

First Trust Value Line Dividend Index Fund Stock Performance

The firm has a fifty day simple moving average of $50.05 and a 200-day simple moving average of $48.62. The company has a market capitalization of $8.22 billion, a PE ratio of 18.85 and a beta of 0.63.

Institutional Trading of First Trust Value Line Dividend Index Fund

Several institutional investors have recently added to or reduced their stakes in FVD. Wedbush Securities Inc. grew its holdings in First Trust Value Line Dividend Index Fund by 0.4% during the 4th quarter. Wedbush Securities Inc. now owns 52,781 shares of the company’s stock worth $2,432,000 after acquiring an additional 205 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its stake in shares of First Trust Value Line Dividend Index Fund by 0.3% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 82,437 shares of the company’s stock valued at $3,799,000 after purchasing an additional 239 shares in the last quarter. Private Client Services LLC raised its stake in shares of First Trust Value Line Dividend Index Fund by 1.7% in the 2nd quarter. Private Client Services LLC now owns 15,784 shares of the company’s stock valued at $760,000 after purchasing an additional 268 shares in the last quarter. Waterfront Wealth Inc. lifted its position in shares of First Trust Value Line Dividend Index Fund by 3.0% during the first quarter. Waterfront Wealth Inc. now owns 9,255 shares of the company’s stock worth $435,000 after purchasing an additional 269 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of First Trust Value Line Dividend Index Fund by 70.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock worth $30,000 after purchasing an additional 270 shares during the last quarter.

First Trust Value Line Dividend Index Fund Company Profile

(Get Free Report)

First Trust Value Line Dividend Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Value Line Dividend Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to objectively identify and select those stocks from the universe of stocks, of which Value Line, Inc gives a Safety Ranking of #1 or #2 in the Value Line Safety Ranking System and have the potential to pay above-average dividends and capital appreciation.

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