First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Shares Up 0.3% – Here’s What Happened

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s stock price traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $50.93 and last traded at $50.61. Approximately 418,832 shares were traded during mid-day trading, a decline of 50% from the average session volume of 845,208 shares. The stock had previously closed at $50.48.

First Trust Value Line Dividend Index Fund Stock Up 0.1%

The firm has a fifty day moving average of $49.36 and a 200-day moving average of $48.47. The firm has a market cap of $8.42 billion, a P/E ratio of 18.85 and a beta of 0.64.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Camelot Portfolios LLC increased its holdings in First Trust Value Line Dividend Index Fund by 104.9% during the second quarter. Camelot Portfolios LLC now owns 15,757 shares of the company’s stock worth $759,000 after buying an additional 8,066 shares during the last quarter. Ancora Advisors LLC acquired a new stake in First Trust Value Line Dividend Index Fund in the second quarter valued at $81,000. Capital Square LLC bought a new position in shares of First Trust Value Line Dividend Index Fund in the 2nd quarter valued at about $1,055,000. Compass Financial Management LLC bought a new position in shares of First Trust Value Line Dividend Index Fund in the 2nd quarter valued at about $187,000. Finally, Trust Co. of Vermont acquired a new position in shares of First Trust Value Line Dividend Index Fund during the 2nd quarter worth about $148,000.

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. 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.