First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Sets New 52-Week High – Still a Buy?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $49.84 and last traded at $49.5950, with a volume of 41708 shares traded. The stock had previously closed at $49.62.

First Trust Value Line Dividend Index Fund Stock Down 0.3%

The firm’s 50-day moving average price is $47.20 and its 200-day moving average price is $46.36. The company has a market cap of $8.77 billion, a P/E ratio of 18.85 and a beta of 0.73.

Institutional Trading of First Trust Value Line Dividend Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors raised its stake in shares of First Trust Value Line Dividend Index Fund by 6.2% during the second quarter. Arkadios Wealth Advisors now owns 115,902 shares of the company’s stock valued at $5,181,000 after acquiring an additional 6,757 shares during the last quarter. Daymark Wealth Partners LLC grew its stake in shares of First Trust Value Line Dividend Index Fund by 153.9% in the second quarter. Daymark Wealth Partners LLC now owns 17,950 shares of the company’s stock worth $802,000 after purchasing an additional 10,879 shares during the last quarter. Quaker Wealth Management LLC increased its holdings in First Trust Value Line Dividend Index Fund by 200.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 827 shares of the company’s stock valued at $37,000 after purchasing an additional 1,650 shares during the period. Winebrenner Capital Management LLC raised its position in First Trust Value Line Dividend Index Fund by 1.0% during the 2nd quarter. Winebrenner Capital Management LLC now owns 25,459 shares of the company’s stock valued at $1,138,000 after purchasing an additional 253 shares during the last quarter. Finally, Rossby Financial LCC raised its position in First Trust Value Line Dividend Index Fund by 19.9% during the 2nd quarter. Rossby Financial LCC now owns 4,176 shares of the company’s stock valued at $187,000 after purchasing an additional 692 shares during the last quarter.

First Trust Value Line Dividend Index Fund Company Profile

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.