First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Shares Cross Above 200-Day Moving Average – What’s Next?

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.68 and traded as high as $42.12. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $42.09, with a volume of 572,236 shares changing hands.

First Trust Morningstar Dividend Leaders Index Fund Price Performance

The stock’s 50-day simple moving average is $40.89 and its two-hundred day simple moving average is $41.68. The firm has a market cap of $5.45 billion, a P/E ratio of 15.38 and a beta of 0.75.

Institutional Investors Weigh In On First Trust Morningstar Dividend Leaders Index Fund

Several hedge funds have recently modified their holdings of FDL. US Bancorp DE grew its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 34.3% during the fourth quarter. US Bancorp DE now owns 40,165 shares of the exchange traded fund’s stock valued at $1,617,000 after buying an additional 10,268 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 11.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,990 shares of the exchange traded fund’s stock valued at $885,000 after purchasing an additional 2,248 shares during the period. Blue Trust Inc. increased its stake in First Trust Morningstar Dividend Leaders Index Fund by 84.0% during the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after buying an additional 913 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 111.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 11,171 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 5,882 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 2,500,700.0% in the fourth quarter. BNP Paribas Financial Markets now owns 50,016 shares of the exchange traded fund’s stock worth $2,014,000 after buying an additional 50,014 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.