First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Sets New 1-Year High at $42.01

First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $42.01 and last traded at $42.01, with a volume of 8671 shares changing hands. The stock had previously closed at $41.59.

First Trust Morningstar Dividend Leaders Index Trading Up 0.6 %

The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 12.51 and a beta of 0.73. The firm has a fifty day moving average price of $40.26 and a 200 day moving average price of $38.68.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FDL. Independent Advisor Alliance increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 22.4% in the fourth quarter. Independent Advisor Alliance now owns 50,743 shares of the exchange traded fund’s stock valued at $1,821,000 after purchasing an additional 9,287 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of First Trust Morningstar Dividend Leaders Index by 39.6% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 40,379 shares of the exchange traded fund’s stock valued at $1,449,000 after acquiring an additional 11,452 shares during the period. D.A. Davidson & CO. boosted its holdings in First Trust Morningstar Dividend Leaders Index by 13.0% in the fourth quarter. D.A. Davidson & CO. now owns 219,373 shares of the exchange traded fund’s stock valued at $7,871,000 after acquiring an additional 25,159 shares during the last quarter. Trexquant Investment LP acquired a new stake in First Trust Morningstar Dividend Leaders Index in the fourth quarter worth about $247,000. Finally, US Bancorp DE raised its holdings in First Trust Morningstar Dividend Leaders Index by 54.5% during the 4th quarter. US Bancorp DE now owns 49,455 shares of the exchange traded fund’s stock worth $1,774,000 after purchasing an additional 17,448 shares during the last quarter.

About First Trust Morningstar Dividend Leaders Index

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.