First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Stock Price Up 0.2% – Still a Buy?

Shares of First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) rose 0.2% during trading on Monday . The company traded as high as $44.94 and last traded at $44.64. Approximately 471,869 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 626,377 shares. The stock had previously closed at $44.57.

First Trust Value Line Dividend Index Fund Stock Performance

The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 18.98 and a beta of 0.74. The business’s fifty day simple moving average is $43.99 and its 200 day simple moving average is $44.22.

Hedge Funds Weigh In On First Trust Value Line Dividend Index Fund

A number of institutional investors have recently added to or reduced their stakes in FVD. Raymond James Financial Inc. acquired a new stake in shares of First Trust Value Line Dividend Index Fund in the 4th quarter valued at about $292,304,000. JPMorgan Chase & Co. raised its stake in shares of First Trust Value Line Dividend Index Fund by 81.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,880,006 shares of the company’s stock valued at $82,043,000 after purchasing an additional 842,631 shares in the last quarter. Intellus Advisors LLC acquired a new stake in shares of First Trust Value Line Dividend Index Fund in the 4th quarter valued at about $27,642,000. GAMMA Investing LLC raised its stake in shares of First Trust Value Line Dividend Index Fund by 4,419.9% in the 1st quarter. GAMMA Investing LLC now owns 466,991 shares of the company’s stock valued at $20,823,000 after purchasing an additional 456,659 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of First Trust Value Line Dividend Index Fund by 98.3% in the 1st quarter. Golden State Wealth Management LLC now owns 920,418 shares of the company’s stock valued at $41,042,000 after purchasing an additional 456,283 shares in the last quarter.

About First Trust Value Line Dividend Index Fund

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.