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

Shares of First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $50.12 and traded as high as $52.14. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $52.11, with a volume of 448,551 shares.

First Trust Morningstar Dividend Leaders Index Fund Stock Performance

The stock has a market cap of $7.97 billion, a PE ratio of 13.96 and a beta of 0.58. The firm has a fifty day moving average price of $50.55 and a 200 day moving average price of $50.16.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDL. Compass Financial Management LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the second quarter worth about $908,000. Key Client Fiduciary Advisors LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 10.3% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 201,438 shares of the exchange traded fund’s stock valued at $9,802,000 after purchasing an additional 18,838 shares during the last quarter. Crumly & Associates Inc. boosted its stake in First Trust Morningstar Dividend Leaders Index Fund by 6.1% in the 2nd quarter. Crumly & Associates Inc. now owns 19,647 shares of the exchange traded fund’s stock worth $956,000 after purchasing an additional 1,124 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in First Trust Morningstar Dividend Leaders Index Fund by 189.1% in the 2nd quarter. First Heartland Consultants Inc. now owns 39,332 shares of the exchange traded fund’s stock worth $1,914,000 after purchasing an additional 25,728 shares in the last quarter. Finally, Teamwork Financial Advisors LLC grew its position in First Trust Morningstar Dividend Leaders Index Fund by 4.5% during the 2nd quarter. Teamwork Financial Advisors LLC now owns 56,372 shares of the exchange traded fund’s stock worth $2,743,000 after purchasing an additional 2,453 shares during the last quarter.

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. The objective of the Index is to offer investors a benchmark for dividend portfolios, as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends, as well as the ability to sustain them.