First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Shares Cross Above 200 Day Moving Average – Here’s Why

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.37 and traded as high as $43.43. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $42.96, with a volume of 700,907 shares traded.

First Trust Morningstar Dividend Leaders Index Fund Trading Down 0.6%

The firm has a market capitalization of $5.77 billion, a P/E ratio of 13.96 and a beta of 0.86. The company’s fifty day simple moving average is $43.54 and its 200 day simple moving average is $42.37.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FDL. LPL Financial LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 17.9% in the 1st quarter. LPL Financial LLC now owns 10,740,662 shares of the exchange traded fund’s stock worth $466,574,000 after buying an additional 1,628,943 shares during the period. Raymond James Financial Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 20.6% in the 1st quarter. Raymond James Financial Inc. now owns 3,814,503 shares of the exchange traded fund’s stock worth $165,702,000 after buying an additional 651,882 shares during the period. Ameriprise Financial Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 17.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,911,177 shares of the exchange traded fund’s stock worth $163,766,000 after buying an additional 590,206 shares during the period. Osaic Holdings Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 35.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,492,128 shares of the exchange traded fund’s stock worth $62,481,000 after buying an additional 388,747 shares during the period. Finally, WJ Wealth Management LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter worth about $11,851,000.

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.