First Trust Value Line Dividend Index Fund (NYSEARCA:FVD – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $51.09 and last traded at $51.07, with a volume of 34160 shares traded. The stock had previously closed at $49.91.
First Trust Value Line Dividend Index Fund Trading Up 2.4%
The firm has a 50 day moving average of $48.29 and a 200-day moving average of $48.06. The company has a market cap of $8.52 billion, a P/E ratio of 18.85 and a beta of 0.64.
Institutional Investors Weigh In On First Trust Value Line Dividend Index Fund
Institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Value Line Dividend Index Fund by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 5,579,921 shares of the company’s stock worth $249,413,000 after buying an additional 758,020 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in First Trust Value Line Dividend Index Fund by 93.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 571,178 shares of the company’s stock valued at $26,320,000 after acquiring an additional 276,348 shares in the last quarter. Claris Financial LLC purchased a new position in First Trust Value Line Dividend Index Fund during the fourth quarter valued at $11,465,000. Gateway Wealth Partners LLC increased its holdings in First Trust Value Line Dividend Index Fund by 113.0% in the 1st quarter. Gateway Wealth Partners LLC now owns 452,776 shares of the company’s stock valued at $21,294,000 after acquiring an additional 240,213 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in First Trust Value Line Dividend Index Fund by 923.1% in the 4th quarter. Merit Financial Group LLC now owns 262,484 shares of the company’s stock valued at $12,095,000 after acquiring an additional 236,828 shares during 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.
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