First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Sees Unusually-High Trading Volume – What’s Next?

First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) shares saw unusually-strong trading volume on Wednesday . Approximately 918,069 shares changed hands during trading, an increase of 66% from the previous session’s volume of 553,319 shares.The stock last traded at $43.01 and had previously closed at $43.44.

First Trust Morningstar Dividend Leaders Index Trading Down 0.1 %

The business’s 50-day simple moving average is $42.71 and its 200 day simple moving average is $42.07. The company has a market capitalization of $5.32 billion, a P/E ratio of 17.19 and a beta of 0.77.

Institutional Trading of First Trust Morningstar Dividend Leaders Index

A number of hedge funds and other institutional investors have recently modified their holdings of FDL. FMR LLC raised its holdings in shares of First Trust Morningstar Dividend Leaders Index by 67.8% in the 3rd quarter. FMR LLC now owns 23,074 shares of the exchange traded fund’s stock worth $968,000 after purchasing an additional 9,320 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in First Trust Morningstar Dividend Leaders Index by 8.3% in the third quarter. Rockefeller Capital Management L.P. now owns 186,112 shares of the exchange traded fund’s stock worth $7,807,000 after buying an additional 14,265 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 56.1% in the third quarter. Captrust Financial Advisors now owns 17,616 shares of the exchange traded fund’s stock valued at $739,000 after buying an additional 6,329 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter valued at $325,000. Finally, Benjamin Edwards Inc. boosted its stake in shares of First Trust Morningstar Dividend Leaders Index by 1,641.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 84,556 shares of the exchange traded fund’s stock worth $3,547,000 after acquiring an additional 79,701 shares in the last quarter.

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.