First Trust Value Line Dividend Index Fund (NYSEARCA:FVD – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $50.47 and last traded at $50.12, with a volume of 82840 shares trading hands. The stock had previously closed at $49.85.
First Trust Value Line Dividend Index Fund Trading Down 0.1%
The firm has a 50-day simple moving average of $47.94 and a two-hundred day simple moving average of $47.91. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 18.85 and a beta of 0.64.
Hedge Funds Weigh In On First Trust Value Line Dividend Index Fund
A number of hedge funds have recently added to or reduced their stakes in FVD. Signaturefd LLC raised its position in First Trust Value Line Dividend Index Fund by 211.6% during the fourth quarter. Signaturefd LLC now owns 592 shares of the company’s stock valued at $27,000 after acquiring an additional 402 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of First Trust Value Line Dividend Index Fund in the 4th quarter valued at $28,000. Cullen Frost Bankers Inc. boosted its holdings in First Trust Value Line Dividend Index Fund by 70.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock worth $30,000 after purchasing an additional 270 shares in the last quarter. Godfrey Financial Associates Inc. bought a new stake in First Trust Value Line Dividend Index Fund in the fourth quarter worth $30,000. Finally, Allied Private Wealth LLC acquired a new position in First Trust Value Line Dividend Index Fund during the second quarter worth $31,000.
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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