First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $42.51 and traded as high as $43.38. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $43.34, with a volume of 670,309 shares changing hands.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.2%

The company has a market cap of $5.82 billion, a P/E ratio of 13.96 and a beta of 0.73. The company’s 50-day moving average is $43.57 and its two-hundred day moving average is $42.51.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index Fund

Institutional investors have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC bought a new position in First Trust Morningstar Dividend Leaders Index Fund during the third quarter valued at about $30,000. Mather Group LLC. bought a new position in First Trust Morningstar Dividend Leaders Index Fund during the first quarter valued at about $31,000. Rossby Financial LCC bought a new stake in First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter valued at about $34,000. CX Institutional bought a new stake in First Trust Morningstar Dividend Leaders Index Fund in the 3rd quarter valued at about $39,000. Finally, Pineridge Advisors LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index Fund during the first quarter valued at about $47,000.

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.