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

First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) hit a new 52-week high on Wednesday . The stock traded as high as $42.95 and last traded at $42.93, with a volume of 2722 shares. The stock had previously closed at $42.02.

First Trust Morningstar Dividend Leaders Index Stock Up 0.1 %

The company has a fifty day moving average of $41.83 and a two-hundred day moving average of $39.88. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FDL. Oppenheimer & Co. Inc. raised its position in First Trust Morningstar Dividend Leaders Index by 2.4% in the first quarter. Oppenheimer & Co. Inc. now owns 62,171 shares of the exchange traded fund’s stock worth $2,392,000 after acquiring an additional 1,468 shares in the last quarter. WMG Financial Advisors LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index by 5.6% in the first quarter. WMG Financial Advisors LLC now owns 12,563 shares of the exchange traded fund’s stock valued at $483,000 after buying an additional 661 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of First Trust Morningstar Dividend Leaders Index by 4.9% in the first quarter. Avantax Advisory Services Inc. now owns 273,941 shares of the exchange traded fund’s stock valued at $10,541,000 after buying an additional 12,798 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index by 10.2% in the first quarter. Kingsview Wealth Management LLC now owns 34,579 shares of the exchange traded fund’s stock valued at $1,331,000 after buying an additional 3,211 shares in the last quarter. Finally, Private Portfolio Partners LLC increased its position in shares of First Trust Morningstar Dividend Leaders Index by 0.9% in 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 buying an additional 279 shares in the last quarter.

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.