First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Sets New 1-Year High – Here’s What Happened

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.10 and last traded at $51.8670, with a volume of 61505 shares. The stock had previously closed at $51.24.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 0.7%

The stock has a 50-day moving average of $49.89 and a 200 day moving average of $49.28. The stock has a market cap of $7.73 billion, a PE ratio of 13.96 and a beta of 0.58.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FDL. Randall & Associates Wealth Management grew its holdings in First Trust Morningstar Dividend Leaders Index Fund by 3.2% during the fourth quarter. Randall & Associates Wealth Management now owns 183,333 shares of the exchange traded fund’s stock worth $8,129,000 after acquiring an additional 5,716 shares during the period. KMG Fiduciary Partners LLC boosted its position in First Trust Morningstar Dividend Leaders Index Fund by 1.6% in the 4th quarter. KMG Fiduciary Partners LLC now owns 24,906 shares of the exchange traded fund’s stock worth $1,104,000 after purchasing an additional 384 shares in the last quarter. Bell Bank grew its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 148.5% during the 4th quarter. Bell Bank now owns 17,042 shares of the exchange traded fund’s stock worth $756,000 after purchasing an additional 10,184 shares during the period. Park Avenue Securities LLC grew its stake in shares of First Trust Morningstar Dividend Leaders Index Fund by 87.0% during the 4th quarter. Park Avenue Securities LLC now owns 9,213 shares of the exchange traded fund’s stock worth $409,000 after purchasing an additional 4,285 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust Morningstar Dividend Leaders Index Fund by 3.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 168,449 shares of the exchange traded fund’s stock valued at $7,567,000 after purchasing an additional 5,549 shares in the last quarter.

About First Trust Morningstar Dividend Leaders Index Fund

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. The objective of the Index is to offer investors a benchmark for dividend portfolios, as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends, as well as the ability to sustain them.