First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Sees Large Volume Increase – Here’s What Happened

Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) saw unusually-strong trading volume on Tuesday . Approximately 1,896,939 shares changed hands during trading, an increase of 197% from the previous session’s volume of 638,036 shares.The stock last traded at $42.73 and had previously closed at $43.74.

First Trust Morningstar Dividend Leaders Index Stock Performance

The firm has a fifty day simple moving average of $41.78 and a two-hundred day simple moving average of $41.84. The firm has a market cap of $4.89 billion, a PE ratio of 19.12 and a beta of 0.90.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index

Institutional investors and hedge funds have recently made changes to their positions in the business. Assetmark Inc. grew its position in First Trust Morningstar Dividend Leaders Index by 14.4% in the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock valued at $128,000 after acquiring an additional 382 shares during the last quarter. Atria Investments Inc boosted its position in First Trust Morningstar Dividend Leaders Index by 1.6% during the third quarter. Atria Investments Inc now owns 35,197 shares of the exchange traded fund’s stock valued at $1,477,000 after purchasing an additional 558 shares in the last quarter. XML Financial LLC lifted its position in shares of First Trust Morningstar Dividend Leaders Index by 34.9% during the third quarter. XML Financial LLC now owns 13,024 shares of the exchange traded fund’s stock valued at $546,000 after buying an additional 3,370 shares during the last quarter. Tyler Stone Wealth Management grew its position in shares of First Trust Morningstar Dividend Leaders Index by 216.9% in the 3rd quarter. Tyler Stone Wealth Management now owns 9,755 shares of the exchange traded fund’s stock worth $409,000 after buying an additional 6,677 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth approximately $3,012,000.

First Trust Morningstar Dividend Leaders Index 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.