First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Shares Down 0.7% – Should You Sell?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) traded down 0.7% during trading on Friday . The stock traded as low as $44.14 and last traded at $44.33. 307,089 shares traded hands during trading, a decline of 57% from the average session volume of 709,223 shares. The stock had previously closed at $44.63.

First Trust Value Line Dividend Index Fund Price Performance

The company has a market cap of $9.12 billion, a PE ratio of 19.89 and a beta of 0.79. The stock’s 50-day moving average is $44.56 and its 200 day moving average is $44.86.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in First Trust Value Line Dividend Index Fund during the 4th quarter valued at approximately $292,304,000. Strategic Financial Concepts LLC increased its position in shares of First Trust Value Line Dividend Index Fund by 4,742.4% in 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. JPMorgan Chase & Co. raised its stake in First Trust Value Line Dividend Index Fund by 81.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,880,006 shares of the company’s stock worth $82,043,000 after acquiring an additional 842,631 shares during the last quarter. Intellus Advisors LLC purchased a new position in First Trust Value Line Dividend Index Fund in the 4th quarter worth $27,642,000. Finally, Benjamin Edwards Inc. lifted its position in First Trust Value Line Dividend Index Fund by 3,183.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 488,892 shares of the company’s stock worth $22,245,000 after acquiring an additional 474,004 shares during the period.

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.