First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Trading Up 1.3% – What’s Next?

Shares of First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) rose 1.3% during mid-day trading on Tuesday . The company traded as high as $45.13 and last traded at $45.13. Approximately 309,880 shares were traded during trading, a decline of 65% from the average daily volume of 876,170 shares. The stock had previously closed at $44.56.

First Trust Value Line Dividend Index Fund Price Performance

The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 19.88 and a beta of 0.62. The firm has a fifty day simple moving average of $45.03 and a 200 day simple moving average of $43.00.

Hedge Funds Weigh In On First Trust Value Line Dividend Index Fund

A number of large investors have recently added to or reduced their stakes in FVD. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Trust Value Line Dividend Index Fund during the second quarter worth about $34,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of First Trust Value Line Dividend Index Fund during the third quarter valued at approximately $39,000. Lynx Investment Advisory purchased a new position in shares of First Trust Value Line Dividend Index Fund in the second quarter valued at approximately $41,000. Pathway Financial Advisers LLC acquired a new stake in First Trust Value Line Dividend Index Fund during the 3rd quarter worth $48,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in First Trust Value Line Dividend Index Fund during the 3rd quarter valued at about $60,000.

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.