FDL Stock Summary and Trading Ideas (First Trust Morningstar Dividend Leaders | ARCA:FDL)

The First Trust Morningstar Dividend Leaders Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the Morningstar Dividend Leaders Index.

First Trust Morningstar Dividend Leaders trades on the ARCA stock market under the symbol FDL.

As of April 19, 2024, FDL stock price climbed to $37.21 with 1,576,865 million shares trading.

FDL has a beta of 0.81, meaning it tends to be less sensitive to market movements. FDL has a correlation of 0.45 to the broad based SPY ETF.

FDL has a market cap of $3.91 billion. This is considered a Mid Cap stock.

In the last 3 years, FDL stock traded as high as $39.24 and as low as $31.47.

FDL stock has underperformed the market in the last year with a return of +6.9%, while SPY returned +21.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in FDL shares. However, FDL has outperformed the market in the last 3 month and 2 week periods, returning +6.4% and -1.4%, while SPY returned +4.1% and -3.6%, respectively. This indicates FDL has been having a stronger performance recently.

FDL support price is $36.32 and resistance is $36.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FDL stock will trade within this expected range on the day.