First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) Hits New 12-Month High at $42.01

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

First Trust Morningstar Dividend Leaders Index Price Performance

The stock has a fifty day simple moving average of $40.26 and a two-hundred day simple moving average of $38.68. The firm has a market capitalization of $4.36 billion, a P/E ratio of 12.51 and a beta of 0.73.

Institutional Investors Weigh In On First Trust Morningstar Dividend Leaders Index

A number of large investors have recently bought and sold shares of FDL. Sanctuary Advisors LLC acquired a new position in shares of First Trust Morningstar Dividend Leaders Index during the second quarter valued at about $1,528,000. Pathway Financial Advisers LLC boosted its holdings in First Trust Morningstar Dividend Leaders Index by 124.5% in the second quarter. Pathway Financial Advisers LLC now owns 723 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 401 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in First Trust Morningstar Dividend Leaders Index by 15.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 86,644 shares of the exchange traded fund’s stock valued at $3,286,000 after acquiring an additional 11,607 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of First Trust Morningstar Dividend Leaders Index by 12.1% during the second quarter. Sunbelt Securities Inc. now owns 12,243 shares of the exchange traded fund’s stock valued at $464,000 after acquiring an additional 1,319 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Morningstar Dividend Leaders Index by 3.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,447,886 shares of the exchange traded fund’s stock worth $54,918,000 after purchasing an additional 52,303 shares during the period.

First Trust Morningstar Dividend Leaders Index 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.