First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Trading 0.5% Higher – Here’s Why

First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD)’s share price rose 0.5% during mid-day trading on Monday . The company traded as high as $13.78 and last traded at $13.77. Approximately 143,415 shares were traded during trading, an increase of 88% from the average daily volume of 76,436 shares. The stock had previously closed at $13.70.

First Trust Stoxx European Select Dividend Index Fund Stock Performance

The firm’s fifty day simple moving average is $12.63 and its 200 day simple moving average is $12.09. The stock has a market capitalization of $205.86 million, a P/E ratio of 10.30 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Intellectus Partners LLC boosted its stake in shares of First Trust Stoxx European Select Dividend Index Fund by 8.9% in the 4th quarter. Intellectus Partners LLC now owns 580,544 shares of the company’s stock valued at $6,535,000 after purchasing an additional 47,261 shares in the last quarter. LPL Financial LLC boosted its stake in shares of First Trust Stoxx European Select Dividend Index Fund by 3.1% during the fourth quarter. LPL Financial LLC now owns 317,891 shares of the company’s stock valued at $3,578,000 after purchasing an additional 9,502 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Stoxx European Select Dividend Index Fund in the fourth quarter valued at approximately $3,306,000. Envestnet Asset Management Inc. raised its holdings in First Trust Stoxx European Select Dividend Index Fund by 6.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 157,615 shares of the company’s stock valued at $1,774,000 after buying an additional 9,912 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in First Trust Stoxx European Select Dividend Index Fund by 39.0% during the 4th quarter. Susquehanna International Group LLP now owns 143,234 shares of the company’s stock worth $1,612,000 after buying an additional 40,156 shares during the period.

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.