First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Trading 1.1% Higher – Here’s What Happened

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price shot up 1.1% during trading on Thursday . The company traded as high as $43.99 and last traded at $43.98. 747,362 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 645,406 shares. The stock had previously closed at $43.52.

First Trust Value Line Dividend Index Fund Trading Up 0.2 %

The firm’s 50-day simple moving average is $44.78 and its two-hundred day simple moving average is $44.25. The stock has a market capitalization of $10.33 billion, a PE ratio of 19.88 and a beta of 0.62.

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

A number of institutional investors have recently bought and sold shares of the business. Key Client Fiduciary Advisors LLC lifted its position in First Trust Value Line Dividend Index Fund by 1.8% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 31,909 shares of the company’s stock worth $1,393,000 after buying an additional 552 shares in the last quarter. Secure Asset Management LLC raised its holdings in shares of First Trust Value Line Dividend Index Fund by 2.6% during the fourth quarter. Secure Asset Management LLC now owns 82,078 shares of the company’s stock worth $3,582,000 after acquiring an additional 2,058 shares in the last quarter. Mutual Advisors LLC boosted its position in First Trust Value Line Dividend Index Fund by 8.7% during the fourth quarter. Mutual Advisors LLC now owns 95,027 shares of the company’s stock valued at $4,179,000 after purchasing an additional 7,585 shares during the last quarter. Pure Financial Advisors LLC purchased a new position in First Trust Value Line Dividend Index Fund in the fourth quarter valued at about $297,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in First Trust Value Line Dividend Index Fund in the 4th quarter worth about $28,000.

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.