First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.20 and traded as high as $44.40. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $44.34, with a volume of 639,255 shares trading hands.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.7%

The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 13.96 and a beta of 0.73. The business has a 50-day moving average of $43.42 and a two-hundred day moving average of $43.20.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of FDL. GoalVest Advisory LLC bought a new position in First Trust Morningstar Dividend Leaders Index Fund in the third quarter worth $30,000. CX Institutional acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 3rd quarter valued at $39,000. Crewe Advisors LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the 2nd quarter worth about $56,000. Rossby Financial LCC boosted its position in shares of First Trust Morningstar Dividend Leaders Index Fund by 134.4% during the 2nd quarter. Rossby Financial LCC now owns 1,983 shares of the exchange traded fund’s stock valued at $83,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Godsey & Gibb Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index Fund in the third quarter valued at about $90,000.

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.