First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Sets New 52-Week High – Should You Buy?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) reached a new 52-week high during trading on Thursday . The company traded as high as $49.86 and last traded at $49.7390, with a volume of 95558 shares traded. The stock had previously closed at $49.54.

First Trust Value Line Dividend Index Fund Stock Up 0.5%

The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 18.85 and a beta of 0.73. The company’s 50-day simple moving average is $47.83 and its 200-day simple moving average is $46.61.

Hedge Funds Weigh In On First Trust Value Line Dividend Index Fund

Several institutional investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its holdings in First Trust Value Line Dividend Index Fund by 211.6% during the fourth quarter. Signaturefd LLC now owns 592 shares of the company’s stock valued at $27,000 after acquiring an additional 402 shares during the period. Hilltop National Bank bought a new stake in First Trust Value Line Dividend Index Fund during the 4th quarter valued at approximately $28,000. Cullen Frost Bankers Inc. grew its holdings in First Trust Value Line Dividend Index Fund by 70.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock valued at $30,000 after buying an additional 270 shares during the last quarter. Godfrey Financial Associates Inc. bought a new position in First Trust Value Line Dividend Index Fund in the 4th quarter worth approximately $30,000. Finally, First Horizon Corp acquired a new position in shares of First Trust Value Line Dividend Index Fund during the fourth quarter worth approximately $44,000.

About First Trust Value Line Dividend Index Fund

First Trust Value Line Dividend Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Value Line Dividend Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to objectively identify and select those stocks from the universe of stocks, of which Value Line, Inc gives a Safety Ranking of #1 or #2 in the Value Line Safety Ranking System and have the potential to pay above-average dividends and capital appreciation.