First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Stock Crosses Above 200 Day Moving Average – Here’s Why

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $42.95 and traded as high as $44.32. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $44.26, with a volume of 230,382 shares trading hands.

First Trust Morningstar Dividend Leaders Index Fund Trading Up 0.5%

The firm’s 50 day moving average price is $43.20 and its two-hundred day moving average price is $42.95. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 13.96 and a beta of 0.73.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 40.2% during the 1st quarter. Bank of New York Mellon Corp now owns 16,886 shares of the exchange traded fund’s stock worth $734,000 after acquiring an additional 4,843 shares during the period. Assetmark Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 38.7% during the 1st quarter. Assetmark Inc. now owns 4,133 shares of the exchange traded fund’s stock valued at $180,000 after purchasing an additional 1,154 shares during the last quarter. Moors & Cabot Inc. boosted its position in First Trust Morningstar Dividend Leaders Index Fund by 10.1% during the first quarter. Moors & Cabot Inc. now owns 30,348 shares of the exchange traded fund’s stock worth $1,318,000 after purchasing an additional 2,784 shares during the period. Liberty Wealth Management LLC bought a new position in First Trust Morningstar Dividend Leaders Index Fund during the first quarter worth $4,348,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 20.3% in the first quarter. Commonwealth Equity Services LLC now owns 909,769 shares of the exchange traded fund’s stock valued at $39,520,000 after purchasing an additional 153,800 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.