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

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $46.60 and traded as high as $49.92. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $49.63, with a volume of 625,227 shares trading hands.

First Trust Morningstar Dividend Leaders Index Fund Stock Down 0.3%

The stock has a market cap of $7.27 billion, a PE ratio of 13.96 and a beta of 0.65. The firm has a 50 day moving average price of $50.31 and a 200 day moving average price of $46.60.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index Fund

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.7% during the fourth quarter. LPL Financial LLC now owns 12,408,286 shares of the exchange traded fund’s stock valued at $550,183,000 after buying an additional 202,537 shares during the period. Morgan Stanley increased its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 9.9% during the fourth quarter. Morgan Stanley now owns 8,670,709 shares of the exchange traded fund’s stock valued at $384,459,000 after buying an additional 778,170 shares during the period. Raymond James Financial Inc. boosted its position in First Trust Morningstar Dividend Leaders Index Fund by 15.2% during the fourth quarter. Raymond James Financial Inc. now owns 5,197,530 shares of the exchange traded fund’s stock valued at $230,458,000 after purchasing an additional 686,116 shares in the last quarter. Ameriprise Financial Inc. boosted its position in First Trust Morningstar Dividend Leaders Index Fund by 2.2% during the third quarter. Ameriprise Financial Inc. now owns 3,998,214 shares of the exchange traded fund’s stock valued at $173,422,000 after purchasing an additional 87,037 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in First Trust Morningstar Dividend Leaders Index Fund by 2.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,229,897 shares of the exchange traded fund’s stock valued at $143,214,000 after purchasing an additional 73,182 shares in the last quarter.

About First Trust Morningstar Dividend Leaders Index Fund

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.