First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Shares Down 0.3% – Here’s What Happened

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price fell 0.3% during trading on Friday . The stock traded as low as $45.72 and last traded at $45.91. 916,195 shares traded hands during trading, an increase of 38% from the average session volume of 661,933 shares. The stock had previously closed at $46.05.

First Trust Value Line Dividend Index Fund Trading Down 0.3%

The stock has a fifty day moving average of $45.84 and a two-hundred day moving average of $45.35. The company has a market capitalization of $8.73 billion, a PE ratio of 18.85 and a beta of 0.73.

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

Hedge funds have recently made changes to their positions in the business. Quaker Wealth Management LLC raised its position in First Trust Value Line Dividend Index Fund by 200.5% in the 2nd quarter. Quaker Wealth Management LLC now owns 827 shares of the company’s stock worth $37,000 after purchasing an additional 1,650 shares during the period. SouthState Corp bought a new position in shares of First Trust Value Line Dividend Index Fund during the first quarter valued at about $44,000. Winnow Wealth LLC bought a new position in shares of First Trust Value Line Dividend Index Fund during the second quarter valued at about $45,000. Bank of Montreal Can purchased a new position in shares of First Trust Value Line Dividend Index Fund in the second quarter worth about $49,000. Finally, Caldwell Trust Co bought a new stake in shares of First Trust Value Line Dividend Index Fund in the 2nd quarter valued at about $54,000.

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.