First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.71 and traded as high as $49.60. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $49.15, with a volume of 819,442 shares.

First Trust Morningstar Dividend Leaders Index Fund Trading Down 0.5%

The stock has a market capitalization of $7.21 billion, a P/E ratio of 13.96 and a beta of 0.58. The stock’s fifty day moving average price is $49.90 and its two-hundred day moving average price is $48.71.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

Institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.7% in the fourth quarter. LPL Financial LLC now owns 12,408,286 shares of the exchange traded fund’s stock worth $550,183,000 after buying an additional 202,537 shares during the period. Morgan Stanley boosted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 9.9% during the 4th quarter. Morgan Stanley now owns 8,670,709 shares of the exchange traded fund’s stock valued at $384,459,000 after acquiring an additional 778,170 shares during the period. Raymond James Financial Inc. grew its position in First Trust Morningstar Dividend Leaders Index Fund by 15.2% during the 4th 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 during the last quarter. Ameriprise Financial Inc. grew its position in First Trust Morningstar Dividend Leaders Index Fund by 2.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,998,214 shares of the exchange traded fund’s stock worth $173,422,000 after acquiring an additional 87,037 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in First Trust Morningstar Dividend Leaders Index Fund by 2.3% during the 4th quarter. Wells Fargo & Company MN now owns 3,229,897 shares of the exchange traded fund’s stock worth $143,214,000 after acquiring an additional 73,182 shares during 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.