First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $48.50 and traded as high as $50.12. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $49.48, with a volume of 886,535 shares trading hands.

First Trust Morningstar Dividend Leaders Index Fund Stock Performance

The company’s fifty day moving average is $49.97 and its 200-day moving average is $48.53. The firm has a market capitalization of $7.20 billion, a P/E ratio of 13.96 and a beta of 0.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.7% in 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 purchasing an additional 202,537 shares during the last quarter. Morgan Stanley boosted its stake in First Trust Morningstar Dividend Leaders Index Fund by 9.9% during the 4th quarter. Morgan Stanley now owns 8,670,709 shares of the exchange traded fund’s stock valued at $384,459,000 after purchasing an additional 778,170 shares during the period. Raymond James Financial Inc. boosted its stake in First Trust Morningstar Dividend Leaders Index Fund by 15.2% during the 4th quarter. Raymond James Financial Inc. now owns 5,197,530 shares of the exchange traded fund’s stock valued at $230,458,000 after purchasing an additional 686,116 shares during the period. Ameriprise Financial Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index Fund by 2.2% in the 3rd 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 during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in First Trust Morningstar Dividend Leaders Index Fund by 2.3% in the 4th 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 during the last quarter.

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.