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)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.35 and traded as high as $42.76. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $42.75, with a volume of 712,488 shares.

First Trust Morningstar Dividend Leaders Index Fund Stock Performance

The stock has a 50 day moving average of $43.58 and a 200-day moving average of $42.35. The firm has a market capitalization of $5.74 billion, a P/E ratio of 13.96 and a beta of 0.86.

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

Several hedge funds and other institutional investors have recently modified their holdings of FDL. Wealth Enhancement Advisory Services LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,766 shares of the exchange traded fund’s stock valued at $5,420,000 after buying an additional 5,045 shares during the period. Sowell Financial Services LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the first quarter valued at about $237,000. Cornerstone Wealth Management LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 3.1% during the first quarter. Cornerstone Wealth Management LLC now owns 20,093 shares of the exchange traded fund’s stock valued at $873,000 after buying an additional 598 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 88.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 21,477 shares of the exchange traded fund’s stock valued at $933,000 after buying an additional 10,106 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 2.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 119,866 shares of the exchange traded fund’s stock valued at $5,207,000 after buying an additional 2,442 shares during the period.

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.