First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Stock Price Up 1.3% – Time to Buy?

Shares of First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) rose 1.3% during mid-day trading on Tuesday . The stock traded as high as $45.13 and last traded at $45.13. Approximately 309,880 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 876,170 shares. The stock had previously closed at $44.56.

First Trust Value Line Dividend Index Fund Stock Up 1.3 %

The stock has a 50-day moving average of $45.03 and a 200 day moving average of $43.00. The company has a market capitalization of $10.58 billion, a PE ratio of 19.88 and a beta of 0.62.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in First Trust Value Line Dividend Index Fund by 4,431.5% during the third quarter. International Assets Investment Management LLC now owns 3,504,517 shares of the company’s stock valued at $159,420,000 after purchasing an additional 3,427,180 shares during the period. Cetera Investment Advisers increased its holdings in First Trust Value Line Dividend Index Fund by 105.8% in the 1st quarter. Cetera Investment Advisers now owns 2,335,220 shares of the company’s stock worth $98,616,000 after acquiring an additional 1,200,278 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in First Trust Value Line Dividend Index Fund by 4,288.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,038,226 shares of the company’s stock valued at $423,000 after acquiring an additional 1,014,567 shares during the period. Cetera Advisors LLC lifted its holdings in First Trust Value Line Dividend Index Fund by 69.7% during the first quarter. Cetera Advisors LLC now owns 1,341,819 shares of the company’s stock valued at $56,665,000 after purchasing an additional 551,147 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in First Trust Value Line Dividend Index Fund during the second quarter worth about $9,863,000.

First Trust Value Line Dividend Index Fund Company Profile

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.