First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Trading 0.3% Higher – Here’s Why

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) shares were up 0.3% during mid-day trading on Tuesday . The stock traded as high as $50.93 and last traded at $50.61. 418,832 shares traded hands during trading, a decline of 50% from the average daily volume of 845,208 shares. The stock had previously closed at $50.48.

First Trust Value Line Dividend Index Fund Stock Up 0.3%

The stock has a market capitalization of $8.38 billion, a PE ratio of 18.85 and a beta of 0.64. The firm’s fifty day moving average price is $49.30 and its two-hundred day moving average price is $48.45.

Institutional Investors Weigh In On First Trust Value Line Dividend Index Fund

A number of large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of First Trust Value Line Dividend Index Fund by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,579,921 shares of the company’s stock worth $249,413,000 after purchasing an additional 758,020 shares during the period. UBS Group AG grew its position in First Trust Value Line Dividend Index Fund by 2.4% during the third quarter. UBS Group AG now owns 3,906,667 shares of the company’s stock valued at $180,644,000 after buying an additional 91,095 shares during the period. Stifel Financial Corp increased its holdings in First Trust Value Line Dividend Index Fund by 0.7% during the fourth quarter. Stifel Financial Corp now owns 2,320,271 shares of the company’s stock valued at $106,918,000 after buying an additional 16,800 shares during the last quarter. Intellus Advisors LLC increased its holdings in First Trust Value Line Dividend Index Fund by 3.6% during the fourth quarter. Intellus Advisors LLC now owns 627,174 shares of the company’s stock valued at $28,900,000 after buying an additional 21,896 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in First Trust Value Line Dividend Index Fund by 20.9% in the first quarter. NewEdge Advisors LLC now owns 573,759 shares of the company’s stock worth $26,984,000 after acquiring an additional 99,279 shares during the period.

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. The Index is designed to objectively identify and select those stocks from the universe of stocks, of which Value Line, Inc gives a Safety Ranking of #1 or #2 in the Value Line Safety Ranking System and have the potential to pay above-average dividends and capital appreciation.