First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Shares Pass Above 200-Day Moving Average – Time to Sell?

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.49 and traded as high as $53.56. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $53.42, with a volume of 582,825 shares.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.3%

The stock has a market cap of $8.00 billion, a PE ratio of 13.96 and a beta of 0.58. The company’s fifty day moving average is $51.12 and its 200 day moving average is $50.51.

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

A number of hedge funds have recently made changes to their positions in FDL. Roxbury Financial LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the 1st quarter valued at $32,000. SouthState Bank Corp acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter valued at $32,000. Providence Capital Advisors LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the 4th quarter valued at $37,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at about $37,000. Finally, First Command Advisory Services Inc. purchased a new position in First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at about $38,000.

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.