First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $48.21 and traded as high as $50.36. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $50.25, with a volume of 804,692 shares trading hands.

First Trust Morningstar Dividend Leaders Index Fund Trading Up 0.1%

The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 13.96 and a beta of 0.58. The company has a fifty day moving average price of $50.00 and a 200-day moving average price of $48.21.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE lifted its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 13.1% in the 3rd quarter. US Bancorp DE now owns 44,564 shares of the exchange traded fund’s stock valued at $1,935,000 after buying an additional 5,155 shares during the period. TIAA Trust National Association acquired a new position in First Trust Morningstar Dividend Leaders Index Fund in the 3rd quarter worth about $403,000. Arete Wealth Advisors LLC raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 3.1% in the 3rd quarter. Arete Wealth Advisors LLC now owns 43,914 shares of the exchange traded fund’s stock worth $1,906,000 after purchasing an additional 1,325 shares during the period. EverSource Wealth Advisors LLC raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 10.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,402 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 600 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 7.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 166,241 shares of the exchange traded fund’s stock worth $7,217,000 after purchasing an additional 11,653 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.