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

First Trust Value Line Dividend Index Fund (NYSEARCA:FVD)’s share price reached a new 52-week high on Thursday . The company traded as high as $45.97 and last traded at $45.93, with a volume of 92787 shares changing hands. The stock had previously closed at $45.85.

First Trust Value Line Dividend Index Fund Stock Performance

The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 19.88 and a beta of 0.62. The firm’s 50 day moving average is $45.06 and its 200-day moving average is $43.02.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets bought a new position in First Trust Value Line Dividend Index Fund in the 1st quarter worth $807,000. 49 Wealth Management LLC grew its position in shares of First Trust Value Line Dividend Index Fund by 7.4% in the first quarter. 49 Wealth Management LLC now owns 13,872 shares of the company’s stock valued at $581,000 after purchasing an additional 950 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of First Trust Value Line Dividend Index Fund by 22.4% in the first quarter. Concurrent Investment Advisors LLC now owns 169,905 shares of the company’s stock worth $7,175,000 after purchasing an additional 31,089 shares during the period. Capital Square LLC bought a new position in shares of First Trust Value Line Dividend Index Fund in the first quarter worth about $722,000. Finally, US Bancorp DE lifted its position in shares of First Trust Value Line Dividend Index Fund by 1.1% during the 1st quarter. US Bancorp DE now owns 290,681 shares of the company’s stock worth $12,278,000 after purchasing an additional 3,265 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.