First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Reaches New 1-Year High at $39.03

Shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.03 and last traded at $39.02, with a volume of 38922 shares trading hands. The stock had previously closed at $38.75.

First Trust Morningstar Dividend Leaders Index Trading Up 1.0 %

The company has a market cap of $4.08 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The firm’s fifty day moving average price is $38.16 and its 200-day moving average price is $37.27.

Institutional Investors Weigh In On First Trust Morningstar Dividend Leaders Index

Several institutional investors have recently added to or reduced their stakes in the stock. Private Portfolio Partners LLC lifted its position in First Trust Morningstar Dividend Leaders Index by 0.9% in the 1st quarter. Private Portfolio Partners LLC now owns 32,698 shares of the exchange traded fund’s stock valued at $1,258,000 after acquiring an additional 279 shares in the last quarter. Benjamin Edwards Inc. lifted its position in First Trust Morningstar Dividend Leaders Index by 2.0% during the 4th quarter. Benjamin Edwards Inc. now owns 14,529 shares of the exchange traded fund’s stock worth $521,000 after buying an additional 289 shares in the last quarter. Waterfront Wealth Inc. lifted its position in First Trust Morningstar Dividend Leaders Index by 4.4% during the 4th quarter. Waterfront Wealth Inc. now owns 7,815 shares of the exchange traded fund’s stock worth $280,000 after buying an additional 329 shares in the last quarter. Core Wealth Partners LLC lifted its position in First Trust Morningstar Dividend Leaders Index by 7.2% during the 1st quarter. Core Wealth Partners LLC now owns 6,146 shares of the exchange traded fund’s stock worth $237,000 after buying an additional 415 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in First Trust Morningstar Dividend Leaders Index by 8.9% during the 4th quarter. Avior Wealth Management LLC now owns 7,180 shares of the exchange traded fund’s stock worth $258,000 after buying an additional 586 shares in the last quarter.

First Trust Morningstar Dividend Leaders Index Company Profile

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.