First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Trading 0.1% Higher – Time to Buy?

Shares of First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) were up 0.1% on Monday . The stock traded as high as $46.52 and last traded at $46.45. Approximately 437,617 shares were traded during trading, a decline of 32% from the average daily volume of 647,164 shares. The stock had previously closed at $46.42.

First Trust Value Line Dividend Index Fund Stock Performance

The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 18.85 and a beta of 0.73. The business’s 50 day moving average is $45.93 and its 200-day moving average is $45.74.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Quaker Wealth Management LLC increased its stake in First Trust Value Line Dividend Index Fund by 200.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 827 shares of the company’s stock worth $37,000 after buying an additional 1,650 shares in the last quarter. Winnow Wealth LLC purchased a new position in shares of First Trust Value Line Dividend Index Fund in the second quarter valued at approximately $45,000. Bank of Montreal Can acquired a new stake in shares of First Trust Value Line Dividend Index Fund in the second quarter worth approximately $49,000. Caldwell Trust Co purchased a new stake in shares of First Trust Value Line Dividend Index Fund during the second quarter worth approximately $54,000. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of First Trust Value Line Dividend Index Fund during the third quarter worth approximately $58,000.

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.