First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Reaches New 52-Week High – Here’s Why

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price reached a new 52-week high on Monday . The company traded as high as $47.69 and last traded at $47.6530, with a volume of 49053 shares traded. The stock had previously closed at $47.37.

First Trust Value Line Dividend Index Fund Trading Up 0.3%

The stock has a 50 day moving average of $46.37 and a 200-day moving average of $46.00. The stock has a market capitalization of $8.48 billion, a P/E ratio of 18.85 and a beta of 0.73.

Institutional Trading of First Trust Value Line Dividend Index Fund

Large investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC boosted its holdings in shares of First Trust Value Line Dividend Index Fund by 20.9% in the second quarter. Flagship Harbor Advisors LLC now owns 25,132 shares of the company’s stock valued at $1,123,000 after purchasing an additional 4,350 shares during the period. 4WEALTH Advisors Inc. grew its position in shares of First Trust Value Line Dividend Index Fund by 2.0% during the 2nd quarter. 4WEALTH Advisors Inc. now owns 13,956 shares of the company’s stock worth $624,000 after buying an additional 270 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of First Trust Value Line Dividend Index Fund by 6.2% during the 2nd quarter. Arkadios Wealth Advisors now owns 115,902 shares of the company’s stock worth $5,181,000 after buying an additional 6,757 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of First Trust Value Line Dividend Index Fund by 3.0% during the second quarter. Rehmann Capital Advisory Group now owns 283,463 shares of the company’s stock valued at $12,671,000 after buying an additional 8,269 shares during the period. Finally, Koshinski Asset Management Inc. raised its holdings in shares of First Trust Value Line Dividend Index Fund by 3.0% in the second quarter. Koshinski Asset Management Inc. now owns 28,680 shares of the company’s stock valued at $1,282,000 after acquiring an additional 829 shares in the last quarter.

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.