First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Trading 1.2% Higher – Should You Buy?

Shares of First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) were up 1.2% during trading on Friday . The company traded as high as $44.21 and last traded at $44.15. Approximately 468,554 shares changed hands during trading, a decline of 29% from the average daily volume of 658,772 shares. The stock had previously closed at $43.61.

First Trust Value Line Dividend Index Fund Stock Up 1.2 %

The business’s fifty day moving average is $43.80 and its 200 day moving average is $44.47. The stock has a market cap of $9.01 billion, a PE ratio of 19.18 and a beta of 0.73.

Institutional Investors Weigh In On First Trust Value Line Dividend Index Fund

Institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Value Line Dividend Index Fund during the third quarter worth $83,000. Synovus Financial Corp raised its stake in shares of First Trust Value Line Dividend Index Fund by 30.5% during the 3rd quarter. Synovus Financial Corp now owns 29,324 shares of the company’s stock worth $1,334,000 after buying an additional 6,846 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of First Trust Value Line Dividend Index Fund by 105.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,037,375 shares of the company’s stock worth $47,190,000 after buying an additional 533,421 shares in the last quarter. GAMMA Investing LLC grew its stake in First Trust Value Line Dividend Index Fund by 62.1% in the 4th quarter. GAMMA Investing LLC now owns 10,332 shares of the company’s stock valued at $451,000 after acquiring an additional 3,960 shares during the last quarter. Finally, HBW Advisory Services LLC increased its holdings in First Trust Value Line Dividend Index Fund by 159.5% during the 4th quarter. HBW Advisory Services LLC now owns 30,325 shares of the company’s stock valued at $1,323,000 after acquiring an additional 18,639 shares in the last quarter.

First Trust Value Line Dividend Index Fund Company Profile

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.