First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Shares Up 1.5% – Here’s What Happened

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) shares were up 1.5% during mid-day trading on Friday . The company traded as high as $42.83 and last traded at $42.63. Approximately 1,115,657 shares changed hands during trading, an increase of 61% from the average daily volume of 692,914 shares. The stock had previously closed at $42.02.

First Trust Value Line Dividend Index Fund Trading Up 1.5 %

The company has a 50-day simple moving average of $44.23 and a 200 day simple moving average of $44.67. The company has a market cap of $8.74 billion, a P/E ratio of 18.55 and a beta of 0.73.

Institutional Trading of First Trust Value Line Dividend Index Fund

A number of large investors have recently modified their holdings of the company. FMR LLC lifted its stake in First Trust Value Line Dividend Index Fund by 2.9% in the third quarter. FMR LLC now owns 47,581 shares of the company’s stock worth $2,164,000 after acquiring an additional 1,355 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of First Trust Value Line Dividend Index Fund in the 3rd quarter valued at about $704,000. Westside Investment Management Inc. lifted its position in shares of First Trust Value Line Dividend Index Fund by 13.8% in the 3rd quarter. Westside Investment Management Inc. now owns 38,477 shares of the company’s stock worth $1,733,000 after purchasing an additional 4,655 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of First Trust Value Line Dividend Index Fund by 18.1% during the third quarter. Sanctuary Advisors LLC now owns 285,693 shares of the company’s stock valued at $13,210,000 after purchasing an additional 43,837 shares in the last quarter. Finally, World Investment Advisors LLC boosted its stake in shares of First Trust Value Line Dividend Index Fund by 2,565.0% during the third quarter. World Investment Advisors LLC now owns 147,346 shares of the company’s stock valued at $6,703,000 after purchasing an additional 141,817 shares in the last quarter.

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.