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 two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.35 and traded as high as $42.76. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $42.75, with a volume of 712,488 shares.

First Trust Morningstar Dividend Leaders Index Fund Price Performance

The firm has a market cap of $5.74 billion, a PE ratio of 13.96 and a beta of 0.86. The firm has a 50-day simple moving average of $43.58 and a 200 day simple moving average of $42.35.

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

Large investors have recently modified their holdings of the stock. Mather Group LLC. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter worth about $31,000. Rossby Financial LCC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter worth about $34,000. Pineridge Advisors LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter worth about $47,000. Crewe Advisors LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 2nd quarter worth about $56,000. Finally, Signaturefd LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter worth about $74,000.

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.