First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Reaches New 52-Week High at $42.01

First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) hit a new 52-week high on Monday . The stock traded as high as $42.01 and last traded at $42.01, with a volume of 8671 shares changing hands. The stock had previously closed at $41.59.

First Trust Morningstar Dividend Leaders Index Trading Down 0.5 %

The business’s fifty day simple moving average is $40.34 and its 200 day simple moving average is $38.72. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index

Institutional investors have recently modified their holdings of the stock. Private Portfolio Partners LLC grew its holdings in First Trust Morningstar Dividend Leaders Index by 0.9% during the first quarter. Private Portfolio Partners LLC now owns 32,698 shares of the exchange traded fund’s stock valued at $1,258,000 after purchasing an additional 279 shares during the period. Creative Planning raised its stake in First Trust Morningstar Dividend Leaders Index by 1.1% during the 2nd quarter. Creative Planning now owns 29,159 shares of the exchange traded fund’s stock worth $1,106,000 after buying an additional 328 shares during the period. J.W. Cole Advisors Inc. grew its stake in First Trust Morningstar Dividend Leaders Index by 0.6% in the second quarter. J.W. Cole Advisors Inc. now owns 63,357 shares of the exchange traded fund’s stock valued at $2,403,000 after acquiring an additional 359 shares during the period. Blair William & Co. IL increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 4.9% in the second quarter. Blair William & Co. IL now owns 7,773 shares of the exchange traded fund’s stock worth $295,000 after acquiring an additional 364 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of First Trust Morningstar Dividend Leaders Index by 1.8% during the second quarter. Larson Financial Group LLC now owns 20,953 shares of the exchange traded fund’s stock worth $795,000 after purchasing an additional 370 shares during the period.

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.