First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Sees Large Volume Increase – Time to Buy?

First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) shares saw strong trading volume on Wednesday . 918,069 shares traded hands during mid-day 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 Price Performance

The stock has a 50 day moving average of $42.71 and a two-hundred day moving average of $42.07. The stock has a market capitalization of $5.32 billion, a PE ratio of 17.19 and a beta of 0.77.

Institutional Investors Weigh In On First Trust Morningstar Dividend Leaders Index

Several institutional investors have recently made changes to their positions in FDL. Mascoma Wealth Management LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter valued at approximately $31,000. Synergy Asset Management LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $46,000. Blue Trust Inc. grew its holdings in shares of First Trust Morningstar Dividend Leaders Index by 84.0% in the 4th quarter. Blue Trust Inc. now owns 2,000 shares of the exchange traded fund’s stock worth $81,000 after acquiring an additional 913 shares during the period. Finally, Pillar Financial Advisors LLC purchased a new position in First Trust Morningstar Dividend Leaders Index in the 4th quarter valued at approximately $106,000.

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.