First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Trading Up 0.3% – Should You Buy?

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

First Trust Value Line Dividend Index Fund Stock Up 0.3%

The stock’s fifty day simple moving average is $49.30 and its two-hundred day simple moving average is $48.45. The firm has a market cap of $8.38 billion, a PE ratio of 18.85 and a beta of 0.64.

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

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in shares of First Trust Value Line Dividend Index Fund by 52.7% during the first quarter. AQR Capital Management LLC now owns 33,775 shares of the company’s stock valued at $1,506,000 after buying an additional 11,657 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in First Trust Value Line Dividend Index Fund by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 152,245 shares of the company’s stock worth $6,789,000 after acquiring an additional 26,718 shares during the last quarter. First Trust Advisors LP lifted its position in First Trust Value Line Dividend Index Fund by 168.4% in the 2nd quarter. First Trust Advisors LP now owns 21,014 shares of the company’s stock valued at $939,000 after acquiring an additional 13,185 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in First Trust Value Line Dividend Index Fund by 120.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 75,487 shares of the company’s stock valued at $3,374,000 after purchasing an additional 41,270 shares during the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in First Trust Value Line Dividend Index Fund during the 2nd quarter valued at $201,000.

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.