First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Trading Down 0.9% – What’s Next?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) shares dropped 0.9% on Tuesday . The company traded as low as $49.69 and last traded at $49.69. Approximately 364,905 shares were traded during trading, a decline of 55% from the average session volume of 819,567 shares. The stock had previously closed at $50.12.

First Trust Value Line Dividend Index Fund Trading Down 0.5%

The company’s 50-day simple moving average is $50.07 and its 200-day simple moving average is $48.62. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 18.85 and a beta of 0.63.

Institutional Trading of First Trust Value Line Dividend Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in First Trust Value Line Dividend Index Fund by 52.7% during the 1st quarter. AQR Capital Management LLC now owns 33,775 shares of the company’s stock worth $1,506,000 after buying an additional 11,657 shares during the period. Goldman Sachs Group Inc. raised its position in shares of First Trust Value Line Dividend Index Fund by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 152,245 shares of the company’s stock worth $6,789,000 after acquiring an additional 26,718 shares during the last quarter. First Trust Advisors LP raised its position in shares of First Trust Value Line Dividend Index Fund by 168.4% during the second quarter. First Trust Advisors LP now owns 21,014 shares of the company’s stock worth $939,000 after acquiring an additional 13,185 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of First Trust Value Line Dividend Index Fund by 120.6% during the second quarter. Qube Research & Technologies Ltd now owns 75,487 shares of the company’s stock worth $3,374,000 after acquiring an additional 41,270 shares during the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in shares of First Trust Value Line Dividend Index Fund in the second quarter worth approximately $201,000.

About First Trust Value Line Dividend Index Fund

First Trust Value Line Dividend Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Value Line Dividend Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to objectively identify and select those stocks from the universe of stocks, of which Value Line, Inc gives a Safety Ranking of #1 or #2 in the Value Line Safety Ranking System and have the potential to pay above-average dividends and capital appreciation.