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

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $49.52 and traded as high as $51.52. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $51.47, with a volume of 909,404 shares trading hands.

First Trust Morningstar Dividend Leaders Index Fund Stock Performance

The stock has a market cap of $7.74 billion, a PE ratio of 13.96 and a beta of 0.58. The stock has a fifty day moving average price of $50.08 and a 200 day moving average price of $49.52.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FDL. Provenance Wealth Advisors LLC boosted its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 836.4% during the 4th quarter. Provenance Wealth Advisors LLC now owns 8,081 shares of the exchange traded fund’s stock worth $358,000 after purchasing an additional 7,218 shares during the period. PMG Wealth Management Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index Fund by 7.7% during the 4th quarter. PMG Wealth Management Inc. now owns 80,035 shares of the exchange traded fund’s stock valued at $3,549,000 after purchasing an additional 5,706 shares during the last quarter. Tudor Investment Corp ET AL raised its position in First Trust Morningstar Dividend Leaders Index Fund by 2,700.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 134,910 shares of the exchange traded fund’s stock worth $5,856,000 after purchasing an additional 130,093 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in First Trust Morningstar Dividend Leaders Index Fund by 44.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,781 shares of the exchange traded fund’s stock worth $79,000 after purchasing an additional 552 shares during the last quarter. Finally, Accel Wealth Management lifted its stake in First Trust Morningstar Dividend Leaders Index Fund by 4.9% in the fourth quarter. Accel Wealth Management now owns 13,933 shares of the exchange traded fund’s stock worth $618,000 after purchasing an additional 649 shares during 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.