First Trust Value Line Dividend Index Fund (NYSEARCA:FVD) Reaches New 52-Week High – Time to Buy?

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $46.00 and last traded at $46.00, with a volume of 937 shares trading hands. The stock had previously closed at $45.46.

First Trust Value Line Dividend Index Fund Price Performance

The stock’s 50 day moving average price is $44.44 and its two-hundred day moving average price is $42.52. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 19.88 and a beta of 0.62.

Institutional Trading of First Trust Value Line Dividend Index Fund

Several hedge funds have recently added to or reduced their stakes in FVD. Cetera Investment Advisers raised its position in shares of First Trust Value Line Dividend Index Fund by 105.8% during the first quarter. Cetera Investment Advisers now owns 2,335,220 shares of the company’s stock valued at $98,616,000 after buying an additional 1,200,278 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in shares of First Trust Value Line Dividend Index Fund by 4,288.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,038,226 shares of the company’s stock worth $423,000 after acquiring an additional 1,014,567 shares during the period. Global Assets Advisory LLC lifted its position in shares of First Trust Value Line Dividend Index Fund by 4,088.0% in the 1st quarter. Global Assets Advisory LLC now owns 566,218 shares of the company’s stock worth $23,911,000 after acquiring an additional 552,698 shares during the period. Cetera Advisors LLC increased its position in shares of First Trust Value Line Dividend Index Fund by 69.7% during the first quarter. Cetera Advisors LLC now owns 1,341,819 shares of the company’s stock valued at $56,665,000 after purchasing an additional 551,147 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of First Trust Value Line Dividend Index Fund in the second quarter valued at $9,863,000.

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.