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

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $50.36 and last traded at $50.2280, with a volume of 98580 shares. The stock had previously closed at $50.18.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.1%

The business has a 50-day simple moving average of $45.63 and a 200-day simple moving average of $44.15. The company has a market cap of $6.98 billion, a PE ratio of 13.96 and a beta of 0.73.

Institutional Trading of First Trust Morningstar Dividend Leaders Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stephens Inc. AR increased its stake in First Trust Morningstar Dividend Leaders Index Fund by 0.4% in the second quarter. Stephens Inc. AR now owns 520,211 shares of the exchange traded fund’s stock valued at $21,781,000 after acquiring an additional 1,966 shares during the last quarter. International Assets Investment Management LLC raised its holdings in First Trust Morningstar Dividend Leaders Index Fund by 4.0% in the 2nd quarter. International Assets Investment Management LLC now owns 124,971 shares of the exchange traded fund’s stock valued at $5,233,000 after buying an additional 4,811 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 1.5% in the second quarter. Signature Estate & Investment Advisors LLC now owns 19,118 shares of the exchange traded fund’s stock worth $800,000 after purchasing an additional 288 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 6.6% in the second quarter. Koshinski Asset Management Inc. now owns 7,452 shares of the exchange traded fund’s stock valued at $312,000 after buying an additional 461 shares during the period. Finally, Manchester Financial Inc. increased its position in First Trust Morningstar Dividend Leaders Index Fund by 14.6% during the 2nd quarter. Manchester Financial Inc. now owns 270,639 shares of the exchange traded fund’s stock valued at $11,332,000 after purchasing an additional 34,501 shares during the period.

About First Trust Morningstar Dividend Leaders Index Fund

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.