First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.71 and traded as high as $49.60. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $49.15, with a volume of 819,442 shares.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.9%

The stock has a market cap of $7.28 billion, a P/E ratio of 13.96 and a beta of 0.58. The business’s 50-day simple moving average is $49.90 and its two-hundred day simple moving average is $48.72.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FDL. Basepoint Wealth LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 8.4% during the third quarter. Basepoint Wealth LLC now owns 17,550 shares of the exchange traded fund’s stock valued at $762,000 after buying an additional 1,364 shares during the period. Crux Wealth Advisors grew its stake in First Trust Morningstar Dividend Leaders Index Fund by 14.3% during the third quarter. Crux Wealth Advisors now owns 7,824 shares of the exchange traded fund’s stock valued at $340,000 after acquiring an additional 978 shares in the last quarter. Private Advisor Group LLC increased its holdings in First Trust Morningstar Dividend Leaders Index Fund by 2.2% during the 3rd quarter. Private Advisor Group LLC now owns 1,255,630 shares of the exchange traded fund’s stock worth $54,507,000 after acquiring an additional 26,980 shares during the period. Ameriflex Group Inc. lifted its stake in First Trust Morningstar Dividend Leaders Index Fund by 44.9% in the 3rd quarter. Ameriflex Group Inc. now owns 8,688 shares of the exchange traded fund’s stock worth $377,000 after purchasing an additional 2,694 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its stake in First Trust Morningstar Dividend Leaders Index Fund by 6.2% in the 3rd quarter. Level Four Advisory Services LLC now owns 11,316 shares of the exchange traded fund’s stock worth $491,000 after purchasing an additional 661 shares in the last quarter.

About First Trust Morningstar Dividend Leaders Index Fund

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.