First Trust Value Line Dividend Index Fund (NYSEARCA:FVD – Get Free Report)’s share price dropped 0.9% during trading on Monday. The stock traded as low as $48.90 and last traded at $48.92. 525,200 shares traded hands during trading, a decline of 33% from the average session volume of 782,709 shares. The stock had previously closed at $49.37.
First Trust Value Line Dividend Index Fund Stock Performance
The firm has a market capitalization of $7.82 billion, a PE ratio of 18.85 and a beta of 0.63. The firm’s 50 day moving average price is $49.13 and its 200-day moving average price is $48.59.
Institutional Trading of First Trust Value Line Dividend Index Fund
A number of institutional investors and hedge funds have recently modified their holdings of the stock. TOP Private Wealth LLC. purchased a new position in shares of First Trust Value Line Dividend Index Fund in the second quarter valued at approximately $29,000. Coppell Advisory Solutions LLC acquired a new stake in First Trust Value Line Dividend Index Fund during the second quarter worth about $30,000. Allied Private Wealth LLC acquired a new stake in shares of First Trust Value Line Dividend Index Fund during the 2nd quarter worth approximately $31,000. Main Street Group LTD purchased a new stake in First Trust Value Line Dividend Index Fund in the first quarter valued at $39,000. Finally, Ballast Advisors LLC acquired a new position in First Trust Value Line Dividend Index Fund in the first quarter valued at about $44,000.
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.
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