First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Stock Price Down 0.7% – Should You Sell?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price traded down 0.7% during mid-day trading on Friday . The company traded as low as $44.14 and last traded at $44.33. 307,089 shares were traded during mid-day trading, a decline of 57% from the average session volume of 709,223 shares. The stock had previously closed at $44.63.

First Trust Value Line Dividend Index Fund Trading Down 0.7 %

The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 19.89 and a beta of 0.79. The firm’s fifty day moving average price is $44.56 and its 200 day moving average price is $44.86.

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

Several institutional investors and hedge funds have recently modified their holdings of FVD. Kestra Investment Management LLC purchased a new stake in First Trust Value Line Dividend Index Fund during the 4th quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of First Trust Value Line Dividend Index Fund during the fourth quarter worth $28,000. Park Square Financial Group LLC acquired a new stake in shares of First Trust Value Line Dividend Index Fund in the fourth quarter valued at $31,000. Financial Life Planners purchased a new position in First Trust Value Line Dividend Index Fund in the fourth quarter valued at $35,000. Finally, Compass Financial Services Inc purchased a new position in First Trust Value Line Dividend Index Fund in the fourth quarter valued at $38,000.

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.