First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Trading Up 1.5% – Should You Buy?

Shares of First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) were up 1.5% during trading on Monday . The stock traded as high as $13.13 and last traded at $12.99. Approximately 123,215 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 85,567 shares. The stock had previously closed at $12.80.

First Trust Stoxx European Select Dividend Index Fund Trading Up 1.5 %

The company has a market cap of $155.23 million, a price-to-earnings ratio of 9.57 and a beta of 1.00. The company’s 50 day moving average price is $11.88 and its 200 day moving average price is $11.96.

Institutional Trading of First Trust Stoxx European Select Dividend Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Darwin Wealth Management LLC acquired a new stake in shares of First Trust Stoxx European Select Dividend Index Fund in the third quarter valued at about $28,000. JPMorgan Chase & Co. raised its position in First Trust Stoxx European Select Dividend Index Fund by 364.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,900 shares of the company’s stock worth $33,000 after acquiring an additional 2,275 shares during the last quarter. Jones Financial Companies Lllp raised its position in First Trust Stoxx European Select Dividend Index Fund by 474.4% during the fourth quarter. Jones Financial Companies Lllp now owns 3,975 shares of the company’s stock worth $45,000 after acquiring an additional 3,283 shares during the last quarter. Armis Advisers LLC acquired a new position in First Trust Stoxx European Select Dividend Index Fund during the fourth quarter worth about $113,000. Finally, Coppell Advisory Solutions LLC raised its position in First Trust Stoxx European Select Dividend Index Fund by 24.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,737 shares of the company’s stock worth $121,000 after acquiring an additional 2,081 shares during the last quarter.

First Trust Stoxx European Select Dividend Index Fund Company Profile

First Trust DJ STOXX Select Dividend 30 Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones STOXX Select Dividend 30 Index (the Index). The Index is a dividend weighted index of 30 stocks selected from the Dow Jones STOXX 600 Index, which includes high-dividend yielding companies across 18 European countries.