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

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $47.08 and traded as high as $49.44. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $49.21, with a volume of 1,795,769 shares trading hands.

First Trust Morningstar Dividend Leaders Index Fund Price Performance

The business has a 50 day simple moving average of $50.10 and a 200 day simple moving average of $47.08. The stock has a market cap of $7.22 billion, a PE ratio of 13.96 and a beta of 0.59.

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

Several institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 1.7% during the fourth quarter. LPL Financial LLC now owns 12,408,286 shares of the exchange traded fund’s stock valued at $550,183,000 after buying an additional 202,537 shares in the last quarter. Morgan Stanley raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 9.9% during the fourth quarter. Morgan Stanley now owns 8,670,709 shares of the exchange traded fund’s stock valued at $384,459,000 after buying an additional 778,170 shares in the last quarter. Raymond James Financial Inc. raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 15.2% during the fourth quarter. Raymond James Financial Inc. now owns 5,197,530 shares of the exchange traded fund’s stock valued at $230,458,000 after buying an additional 686,116 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 2.2% during the third quarter. Ameriprise Financial Inc. now owns 3,998,214 shares of the exchange traded fund’s stock valued at $173,422,000 after buying an additional 87,037 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 2.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,229,897 shares of the exchange traded fund’s stock valued at $143,214,000 after buying an additional 73,182 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.