First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Shares Up 0.2%

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price shot up 0.2% on Wednesday . The company traded as high as $40.20 and last traded at $40.00. 1,292,096 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 1,162,430 shares. The stock had previously closed at $39.94.

First Trust Value Line Dividend Index Fund Price Performance

The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 19.16 and a beta of 0.79. The business’s fifty day moving average price is $41.13 and its 200-day moving average price is $39.74.

Hedge Funds Weigh In On First Trust Value Line Dividend Index Fund

A number of hedge funds have recently bought and sold shares of FVD. International Assets Investment Management LLC increased its position in shares of First Trust Value Line Dividend Index Fund by 3,888.8% during the 4th quarter. International Assets Investment Management LLC now owns 3,497,986 shares of the company’s stock valued at $141,878,000 after purchasing an additional 3,410,291 shares during the last quarter. Mariner LLC boosted its stake in First Trust Value Line Dividend Index Fund by 2,117.6% in the fourth quarter. Mariner LLC now owns 821,003 shares of the company’s stock valued at $32,766,000 after acquiring an additional 783,981 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of First Trust Value Line Dividend Index Fund by 6.3% during the 2nd quarter. Wells Fargo & Company MN now owns 9,779,972 shares of the company’s stock valued at $392,079,000 after acquiring an additional 581,211 shares during the period. Global Assets Advisory LLC raised its holdings in shares of First Trust Value Line Dividend Index Fund by 4,088.0% in the 1st quarter. Global Assets Advisory LLC now owns 566,218 shares of the company’s stock worth $23,911,000 after purchasing an additional 552,698 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in First Trust Value Line Dividend Index Fund by 518.5% in the second quarter. Goldman Sachs Group Inc. now owns 630,723 shares of the company’s stock valued at $25,286,000 after purchasing an additional 528,745 shares during the last quarter.

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.