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Launched on March 9, 2006, the First Trust Morningstar Dividend Leaders ETF (FDL) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Value segment of the US equity market.

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $49.87 and traded as high as $51.98. First Trust Morningstar Dividend Leaders Index Fund shares last traded at $51.95, with a volume of 762,018

Comcast Corp. (CMCSA) sent shockwaves through the media landscape with the announcement that it would spin off its media business today. The telecommunications giant will divest its traditional cable television networks, namely NBCUniversal and Sky, into a standalone, publicly traded company.

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If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the First Trust Morningstar Dividend Leaders ETF (FDL), a passively managed exchange traded fund launched on March 9, 2006.