First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Sees Strong Trading Volume – Should You Buy?

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 mid-day 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 Trading Up 0.1 %

The stock has a 50 day simple moving average of $41.95 and a 200-day simple moving average of $41.88. The firm has a market cap of $4.86 billion, a PE ratio of 19.12 and a beta of 0.90.

Institutional Investors Weigh In On First Trust Morningstar Dividend Leaders Index

Institutional investors have recently added to or reduced their stakes in the stock. Mascoma Wealth Management LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter worth $28,000. SBI Securities Co. Ltd. bought a new position in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at about $31,000. Synergy Asset Management LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the fourth quarter valued at about $46,000. Blue Trust Inc. increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 84.0% in the fourth quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after purchasing an additional 913 shares during the last quarter. Finally, Pillar Financial Advisors LLC bought a new stake in shares of First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $106,000.

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.