First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Hits New 12-Month High – What’s Next?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) shares hit a new 52-week high during trading on Friday . The stock traded as high as $50.47 and last traded at $50.12, with a volume of 82840 shares. The stock had previously closed at $49.85.

First Trust Value Line Dividend Index Fund Trading Down 0.5%

The business’s fifty day moving average price is $47.99 and its two-hundred day moving average price is $47.92. The firm has a market cap of $8.24 billion, a P/E ratio of 18.85 and a beta of 0.64.

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

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its holdings in First Trust Value Line Dividend Index Fund by 211.6% in the 4th quarter. Signaturefd LLC now owns 592 shares of the company’s stock worth $27,000 after purchasing an additional 402 shares during the last quarter. Hilltop National Bank bought a new stake in shares of First Trust Value Line Dividend Index Fund during the 4th quarter worth $28,000. Cullen Frost Bankers Inc. boosted its holdings in shares of First Trust Value Line Dividend Index Fund by 70.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 651 shares of the company’s stock worth $30,000 after buying an additional 270 shares during the period. Godfrey Financial Associates Inc. acquired a new position in First Trust Value Line Dividend Index Fund in the 4th quarter valued at $30,000. Finally, Allied Private Wealth LLC acquired a new position in First Trust Value Line Dividend Index Fund in the 2nd quarter valued at $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.