First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Stock Price Down 0.5% – Here’s What Happened

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price traded down 0.5% during mid-day trading on Friday . The company traded as low as $44.25 and last traded at $44.28. 490,803 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 613,864 shares. The stock had previously closed at $44.52.

First Trust Value Line Dividend Index Fund Price Performance

The stock’s 50-day moving average price is $44.36 and its 200-day moving average price is $44.55. The company has a market cap of $10.38 billion, a P/E ratio of 19.88 and a beta of 0.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in First Trust Value Line Dividend Index Fund in the 4th quarter valued at about $292,304,000. International Assets Investment Management LLC boosted its position in shares of First Trust Value Line Dividend Index Fund by 4,431.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,504,517 shares of the company’s stock worth $159,420,000 after acquiring an additional 3,427,180 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in First Trust Value Line Dividend Index Fund by 4,742.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,174,774 shares of the company’s stock valued at $51,267,000 after acquiring an additional 1,150,514 shares during the last quarter. JPMorgan Chase & Co. raised its position in First Trust Value Line Dividend Index Fund by 105.8% during the third quarter. JPMorgan Chase & Co. now owns 1,037,375 shares of the company’s stock valued at $47,190,000 after purchasing an additional 533,421 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in First Trust Value Line Dividend Index Fund by 3,183.8% during the third quarter. Benjamin Edwards Inc. now owns 488,892 shares of the company’s stock worth $22,245,000 after purchasing an additional 474,004 shares during the last quarter.

First Trust Value Line Dividend Index Fund Company Profile

First Trust Value Line Dividend Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Value Line Dividend Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.