First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.68 and traded as high as $52.98. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $52.55, with a volume of 585,902 shares changing hands.

First Trust Morningstar Dividend Leaders Index Fund Stock Performance

The firm’s 50 day moving average is $51.99 and its 200-day moving average is $50.69. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 13.96 and a beta of 0.58.

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

A number of large investors have recently bought and sold shares of FDL. Perryman Financial Advisory Inc. AD purchased a new stake in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at $10,522,000. Kestra Advisory Services LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 46.1% in the 1st quarter. Kestra Advisory Services LLC now owns 696,641 shares of the exchange traded fund’s stock valued at $35,389,000 after purchasing an additional 219,965 shares during the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.7% during the 4th quarter. LPL Financial LLC now owns 12,408,286 shares of the exchange traded fund’s stock worth $550,183,000 after purchasing an additional 202,537 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 200.5% during the 4th quarter. BNP Paribas Financial Markets now owns 300,505 shares of the exchange traded fund’s stock worth $13,324,000 after purchasing an additional 200,505 shares during the period. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter worth about $8,364,000.

First Trust Morningstar Dividend Leaders Index Fund Company Profile

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.