First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Reaches New 1-Year High – Here’s Why

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s stock price reached a new 52-week high on Thursday . The company traded as high as $17.23 and last traded at $17.1350, with a volume of 37015 shares changing hands. The stock had previously closed at $17.11.

First Trust STOXX European Select Dividend Index Fund Stock Performance

The company has a market capitalization of $664.45 million, a price-to-earnings ratio of 9.67 and a beta of 0.84. The firm has a fifty day moving average price of $16.36 and a 200-day moving average price of $16.02.

Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund

Hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of First Trust STOXX European Select Dividend Index Fund by 38.1% in the 1st quarter. Cetera Investment Advisers now owns 20,567 shares of the company’s stock valued at $279,000 after buying an additional 5,671 shares in the last quarter. Comerica Bank increased its stake in First Trust STOXX European Select Dividend Index Fund by 97.1% in the first quarter. Comerica Bank now owns 50,112 shares of the company’s stock valued at $680,000 after acquiring an additional 24,681 shares during the last quarter. Baird Financial Group Inc. acquired a new position in First Trust STOXX European Select Dividend Index Fund during the first quarter valued at approximately $174,000. Royal Bank of Canada lifted its stake in First Trust STOXX European Select Dividend Index Fund by 38.6% during the first quarter. Royal Bank of Canada now owns 25,429 shares of the company’s stock worth $346,000 after purchasing an additional 7,086 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in First Trust STOXX European Select Dividend Index Fund by 588.1% during the first quarter. Jones Financial Companies Lllp now owns 27,353 shares of the company’s stock worth $371,000 after purchasing an additional 23,378 shares during the last quarter.

About First Trust STOXX European Select Dividend Index Fund

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.