First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Share Price Passes Above 200-Day Moving Average – What’s Next?

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.23 and traded as high as $50.37. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $50.03, with a volume of 941,133 shares changing hands.

First Trust Morningstar Dividend Leaders Index Fund Trading Up 0.6%

The firm has a 50 day simple moving average of $49.85 and a two-hundred day simple moving average of $49.23. The company has a market capitalization of $7.49 billion, a PE ratio of 13.96 and a beta of 0.58.

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

Several hedge funds have recently modified their holdings of the stock. Morgan Stanley lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 9.9% in the 4th 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. raised its position in First Trust Morningstar Dividend Leaders Index Fund by 15.2% in the fourth quarter. Raymond James Financial Inc. now owns 5,197,530 shares of the exchange traded fund’s stock worth $230,458,000 after acquiring an additional 686,116 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 17.8% in the second quarter. Ameriprise Financial Inc. now owns 3,911,177 shares of the exchange traded fund’s stock valued at $163,766,000 after acquiring an additional 590,206 shares during the period. Perryman Financial Advisory Inc. AD purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter worth $10,522,000. Finally, Kestra Advisory Services LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 46.1% during the 1st quarter. Kestra Advisory Services LLC now owns 696,641 shares of the exchange traded fund’s stock worth $35,389,000 after purchasing an additional 219,965 shares during the period.

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.