First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Shares Up 0.3% – Time to Buy?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) shares shot up 0.3% during mid-day trading on Tuesday . The company traded as high as $47.67 and last traded at $47.49. 1,310,639 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 1,022,400 shares. The stock had previously closed at $47.33.

First Trust Value Line Dividend Index Fund Stock Performance

The firm has a market capitalization of $8.10 billion, a P/E ratio of 18.85 and a beta of 0.66. The stock has a fifty day moving average price of $47.99 and a two-hundred day moving average price of $47.17.

Institutional Investors Weigh In On First Trust Value Line Dividend Index Fund

A number of institutional investors have recently made changes to their positions in FVD. JPMorgan Chase & Co. grew its stake in First Trust Value Line Dividend Index Fund by 84.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,773,717 shares of the company’s stock worth $128,257,000 after buying an additional 1,266,968 shares during the last quarter. Ameriprise Financial Inc. grew its stake in First Trust Value Line Dividend Index Fund by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,579,921 shares of the company’s stock worth $249,413,000 after buying an additional 758,020 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in First Trust Value Line Dividend Index Fund by 93.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 571,178 shares of the company’s stock worth $26,320,000 after buying an additional 276,348 shares during the last quarter. Claris Financial LLC bought a new position in First Trust Value Line Dividend Index Fund during the 4th quarter worth $11,465,000. Finally, Merit Financial Group LLC grew its stake in First Trust Value Line Dividend Index Fund by 923.1% during the 4th quarter. Merit Financial Group LLC now owns 262,484 shares of the company’s stock worth $12,095,000 after buying an additional 236,828 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. The Index is designed to objectively identify and select those stocks from the universe of stocks, of which Value Line, Inc gives a Safety Ranking of #1 or #2 in the Value Line Safety Ranking System and have the potential to pay above-average dividends and capital appreciation.