First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Sets New 1-Year High – What’s Next?

Shares of First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDLGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $45.74 and last traded at $45.5180, with a volume of 289707 shares traded. The stock had previously closed at $45.39.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.0%

The stock has a market cap of $6.43 billion, a PE ratio of 13.96 and a beta of 0.73. The firm has a 50 day moving average price of $44.27 and a 200 day moving average price of $43.59.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. GoalVest Advisory LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund in the 3rd quarter worth approximately $30,000. CX Institutional bought a new position in First Trust Morningstar Dividend Leaders Index Fund in the third quarter worth approximately $39,000. Crewe Advisors LLC purchased a new stake in First Trust Morningstar Dividend Leaders Index Fund during the second quarter worth $56,000. Rossby Financial LCC lifted its holdings in First Trust Morningstar Dividend Leaders Index Fund by 134.4% during the second quarter. Rossby Financial LCC now owns 1,983 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 1,137 shares during the period. Finally, Godsey & Gibb Inc. bought a new stake in First Trust Morningstar Dividend Leaders Index Fund during the 3rd quarter valued at $90,000.

About First Trust Morningstar Dividend Leaders Index Fund

(Get Free Report)

First Trust Morningstar Dividend Leaders Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the Morningstar Dividend Leaders Index (the Index). The Fund will invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the Index. The objective of the Index is to offer investors a benchmark for dividend portfolios, as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends, as well as the ability to sustain them.

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