First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.37 and traded as high as $44.90. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $44.75, with a volume of 881,511 shares traded.

First Trust Morningstar Dividend Leaders Index Fund Stock Performance

The company has a 50-day moving average of $43.78 and a 200-day moving average of $43.37. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 13.96 and a beta of 0.73.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FDL. JPMorgan Chase & Co. boosted its stake in First Trust Morningstar Dividend Leaders Index Fund by 9.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 257,444 shares of the exchange traded fund’s stock worth $11,176,000 after purchasing an additional 21,715 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 2,700.7% in the third quarter. Tudor Investment Corp ET AL now owns 134,910 shares of the exchange traded fund’s stock valued at $5,856,000 after purchasing an additional 130,093 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the third quarter worth about $241,000. Capital Square LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund during the third quarter worth about $201,000. Finally, Centaurus Financial Inc. grew its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 4.5% during the third quarter. Centaurus Financial Inc. now owns 13,018 shares of the exchange traded fund’s stock worth $565,000 after buying an additional 558 shares in 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.