First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Sets New 52-Week High – What’s Next?

First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $43.12 and last traded at $43.12, with a volume of 13793 shares changing hands. The stock had previously closed at $42.83.

First Trust Morningstar Dividend Leaders Index Stock Up 1.2 %

The firm has a fifty day moving average price of $42.05 and a 200 day moving average price of $40.26. The company has a market cap of $4.52 billion, a P/E ratio of 12.51 and a beta of 0.73.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index

Several hedge funds have recently added to or reduced their stakes in FDL. Freedom Investment Management Inc. grew its holdings in First Trust Morningstar Dividend Leaders Index by 4.2% during the 3rd quarter. Freedom Investment Management Inc. now owns 6,074 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 245 shares during the period. Aptus Capital Advisors LLC boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 4.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,853 shares of the exchange traded fund’s stock worth $246,000 after purchasing an additional 250 shares during the last quarter. Creative Planning grew its stake in shares of First Trust Morningstar Dividend Leaders Index by 1.1% during the second quarter. Creative Planning now owns 29,159 shares of the exchange traded fund’s stock worth $1,106,000 after purchasing an additional 328 shares during the period. J.W. Cole Advisors Inc. increased its holdings 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 purchasing an additional 359 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in 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 valued at $295,000 after buying an additional 364 shares during the period.

About First Trust Morningstar Dividend Leaders Index

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.