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

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $47.32 and traded as high as $49.86. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $49.68, with a volume of 415,911 shares.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.0%

The company has a market capitalization of $7.29 billion, a PE ratio of 13.96 and a beta of 0.59. The firm has a 50-day moving average of $49.92 and a two-hundred day moving average of $47.32.

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

Several large investors have recently made changes to their positions in the company. Arete Wealth Advisors LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 3.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 43,914 shares of the exchange traded fund’s stock valued at $1,906,000 after acquiring an additional 1,325 shares during the period. EverSource Wealth Advisors LLC boosted its position in First Trust Morningstar Dividend Leaders Index Fund by 10.3% during the third quarter. EverSource Wealth Advisors LLC now owns 6,402 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 600 shares in the last quarter. Jackson Grant Investment Advisers Inc. acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the third quarter valued at approximately $130,000. Krilogy Financial LLC acquired a new stake in First Trust Morningstar Dividend Leaders Index Fund in the third quarter valued at approximately $601,000. Finally, Ameritas Advisory Services LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 21.8% in the third quarter. Ameritas Advisory Services LLC now owns 59,937 shares of the exchange traded fund’s stock valued at $2,602,000 after buying an additional 10,741 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.