First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Sets New 52-Week High – What’s Next?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.84 and last traded at $49.5950, with a volume of 41708 shares changing hands. The stock had previously closed at $49.62.

First Trust Value Line Dividend Index Fund Stock Up 0.0%

The stock’s 50-day moving average price is $47.35 and its 200-day moving average price is $46.41. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 18.85 and a beta of 0.73.

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

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of First Trust Value Line Dividend Index Fund by 52.7% during the 1st quarter. AQR Capital Management LLC now owns 33,775 shares of the company’s stock worth $1,506,000 after purchasing an additional 11,657 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of First Trust Value Line Dividend Index Fund by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 152,245 shares of the company’s stock valued at $6,789,000 after purchasing an additional 26,718 shares during the period. D.A. Davidson & CO. grew its holdings in First Trust Value Line Dividend Index Fund by 3.4% during the second quarter. D.A. Davidson & CO. now owns 478,883 shares of the company’s stock worth $21,406,000 after purchasing an additional 15,634 shares during the period. Retirement Planning Group LLC raised its stake in First Trust Value Line Dividend Index Fund by 17.1% in the second quarter. Retirement Planning Group LLC now owns 27,034 shares of the company’s stock valued at $1,208,000 after buying an additional 3,948 shares during the period. Finally, Rehmann Capital Advisory Group boosted its stake in shares of First Trust Value Line Dividend Index Fund by 3.0% during the 2nd quarter. Rehmann Capital Advisory Group now owns 283,463 shares of the company’s stock worth $12,671,000 after acquiring an additional 8,269 shares during the period.

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.