First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Stock Price Up 0.1% – Should You Buy?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price traded up 0.1% during trading on Thursday . The company traded as high as $44.13 and last traded at $44.07. 263,374 shares were traded during trading, a decline of 68% from the average session volume of 822,070 shares. The stock had previously closed at $44.01.

First Trust Value Line Dividend Index Fund Trading Up 0.1 %

The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 19.88 and a beta of 0.62. The firm’s 50 day moving average is $45.39 and its two-hundred day moving average is $43.99.

Institutional Trading of First Trust Value Line Dividend Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC grew its holdings in First Trust Value Line Dividend Index Fund by 15.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 27,846 shares of the company’s stock valued at $1,135,000 after buying an additional 3,623 shares during the period. Larson Financial Group LLC grew its holdings in First Trust Value Line Dividend Index Fund by 93.3% in the second quarter. Larson Financial Group LLC now owns 368,136 shares of the company’s stock valued at $15,002,000 after purchasing an additional 177,669 shares during the period. Strategy Asset Managers LLC increased its position in First Trust Value Line Dividend Index Fund by 1.6% during the second quarter. Strategy Asset Managers LLC now owns 15,419 shares of the company’s stock worth $618,000 after purchasing an additional 242 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in First Trust Value Line Dividend Index Fund during the second quarter worth approximately $206,000. Finally, Naviter Wealth LLC raised its stake in First Trust Value Line Dividend Index Fund by 3.1% during the second quarter. Naviter Wealth LLC now owns 126,410 shares of the company’s stock worth $5,151,000 after purchasing an additional 3,857 shares during the period.

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.