First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Shares Up 0.8%

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price shot up 0.8% during mid-day trading on Monday . The company traded as high as $41.80 and last traded at $41.57. 679,626 shares changed hands during trading, a decline of 36% from the average session volume of 1,057,318 shares. The stock had previously closed at $41.22.

First Trust Value Line Dividend Index Fund Stock Performance

The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 19.88 and a beta of 0.62. The business’s 50-day simple moving average is $41.34 and its 200-day simple moving average is $40.98.

Institutional Trading of First Trust Value Line Dividend Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of FVD. TFG Advisers LLC increased its stake in First Trust Value Line Dividend Index Fund by 0.4% during the 1st quarter. TFG Advisers LLC now owns 58,251 shares of the company’s stock worth $2,460,000 after purchasing an additional 247 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in First Trust Value Line Dividend Index Fund by 5.4% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,321 shares of the company’s stock worth $256,000 after purchasing an additional 322 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in First Trust Value Line Dividend Index Fund by 57.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 908 shares of the company’s stock worth $37,000 after purchasing an additional 333 shares in the last quarter. Opal Wealth Advisors LLC increased its stake in First Trust Value Line Dividend Index Fund by 3.7% during the 1st quarter. Opal Wealth Advisors LLC now owns 9,508 shares of the company’s stock worth $402,000 after purchasing an additional 335 shares in the last quarter. Finally, Keystone Financial Group increased its stake in First Trust Value Line Dividend Index Fund by 2.0% during the 4th quarter. Keystone Financial Group now owns 19,528 shares of the company’s stock worth $792,000 after purchasing an additional 374 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.