First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) Hits New 12-Month High – Still a Buy?

First Trust Morningstar Dividend Leaders Index Fund (NYSEARCA:FDL) reached a new 52-week high during trading on Wednesday . The company traded as high as $53.54 and last traded at $53.5980, with a volume of 71949 shares changing hands. The stock had previously closed at $52.78.

First Trust Morningstar Dividend Leaders Index Fund Stock Up 1.5%

The business’s fifty day moving average is $50.69 and its two-hundred day moving average is $50.29. The stock has a market capitalization of $8.07 billion, a PE ratio of 13.96 and a beta of 0.58.

Hedge Funds Weigh In On First Trust Morningstar Dividend Leaders Index Fund

Several institutional investors have recently bought and sold shares of the business. Roxbury Financial LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 1st quarter worth $32,000. SouthState Bank Corp purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the 1st quarter valued at about $32,000. Providence Capital Advisors LLC purchased a new stake in shares of First Trust Morningstar Dividend Leaders Index Fund during the 4th quarter valued at about $37,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 4th quarter valued at about $37,000. Finally, First Command Advisory Services Inc. bought a new position in shares of First Trust Morningstar Dividend Leaders Index Fund in the 4th quarter valued at about $38,000.

First Trust Morningstar Dividend Leaders Index Fund 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. 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.