First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Stock Crosses Above 200 Day Moving Average – Time to Sell?

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $44.73 and traded as high as $51.30. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $50.93, with a volume of 999,712 shares changing hands.

First Trust Morningstar Dividend Leaders Index Fund Stock Performance

The stock has a 50-day simple moving average of $46.91 and a 200 day simple moving average of $44.73. The company has a market cap of $7.07 billion, a P/E ratio of 13.96 and a beta of 0.73.

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

Institutional investors have recently bought and sold shares of the business. Basepoint Wealth LLC lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.2% during the 4th quarter. Basepoint Wealth LLC now owns 17,765 shares of the exchange traded fund’s stock worth $788,000 after acquiring an additional 215 shares during the period. FSB Premier Wealth Management Inc. raised its position in First Trust Morningstar Dividend Leaders Index Fund by 0.7% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 33,758 shares of the exchange traded fund’s stock worth $1,497,000 after purchasing an additional 223 shares in the last quarter. Tyler Stone Wealth Management raised its position in First Trust Morningstar Dividend Leaders Index Fund by 2.5% in the second quarter. Tyler Stone Wealth Management now owns 9,995 shares of the exchange traded fund’s stock worth $419,000 after purchasing an additional 240 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in First Trust Morningstar Dividend Leaders Index Fund by 1.4% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 19,485 shares of the exchange traded fund’s stock worth $864,000 after purchasing an additional 260 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 0.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,978 shares of the exchange traded fund’s stock valued at $1,301,000 after purchasing an additional 266 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.