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

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $48.21 and traded as high as $50.36. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $50.25, with a volume of 804,692 shares trading hands.

First Trust Morningstar Dividend Leaders Index Fund Price Performance

The stock’s 50-day moving average price is $50.00 and its 200-day moving average price is $48.32. The company has a market cap of $7.43 billion, a P/E ratio of 13.96 and a beta of 0.58.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley boosted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 9.9% in 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 during the period. Raymond James Financial Inc. boosted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 15.2% in 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 during the period. Ameriprise Financial Inc. boosted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 17.8% in the second quarter. Ameriprise Financial Inc. now owns 3,911,177 shares of the exchange traded fund’s stock valued at $163,766,000 after buying an additional 590,206 shares during the period. Perryman Financial Advisory Inc. AD bought a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the fourth quarter valued at approximately $10,522,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 46.1% in the first quarter. Kestra Advisory Services LLC now owns 696,641 shares of the exchange traded fund’s stock valued at $35,389,000 after buying an additional 219,965 shares during the period.

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.