First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Trading Down 0.5% – What’s Next?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) shares fell 0.5% on Friday . The company traded as low as $44.25 and last traded at $44.28. 490,803 shares traded hands during trading, a decline of 20% from the average session volume of 613,864 shares. The stock had previously closed at $44.52.

First Trust Value Line Dividend Index Fund Trading Down 0.5 %

The company’s 50-day simple moving average is $44.36 and its 200-day simple moving average is $44.55. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 19.88 and a beta of 0.62.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in First Trust Value Line Dividend Index Fund in the fourth quarter worth approximately $292,304,000. International Assets Investment Management LLC grew its position in shares of First Trust Value Line Dividend Index Fund by 4,431.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,504,517 shares of the company’s stock worth $159,420,000 after buying an additional 3,427,180 shares during the period. HighTower Advisors LLC increased its stake in shares of First Trust Value Line Dividend Index Fund by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 1,841,137 shares of the company’s stock valued at $80,347,000 after acquiring an additional 10,419 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in shares of First Trust Value Line Dividend Index Fund by 4,742.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,174,774 shares of the company’s stock valued at $51,267,000 after acquiring an additional 1,150,514 shares during the period. Finally, Trilogy Capital Inc. boosted its stake in First Trust Value Line Dividend Index Fund by 1.8% during the third quarter. Trilogy Capital Inc. now owns 1,123,033 shares of the company’s stock worth $51,087,000 after acquiring an additional 19,359 shares in the last quarter.

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.