First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Hits New 52-Week High – Should You Buy?

Shares of First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $19.63 and last traded at $19.60, with a volume of 115404 shares. The stock had previously closed at $19.21.

First Trust STOXX European Select Dividend Index Fund Stock Up 2.0%

The company has a market cap of $882.98 million, a PE ratio of 9.67 and a beta of 0.68. The business has a 50-day simple moving average of $18.40 and a 200-day simple moving average of $17.79.

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

A number of hedge funds have recently bought and sold shares of FDD. Raymond James Financial Inc. boosted its position in First Trust STOXX European Select Dividend Index Fund by 609.2% during the second quarter. Raymond James Financial Inc. now owns 1,491,557 shares of the company’s stock worth $23,179,000 after purchasing an additional 1,281,248 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 2,234.6% in the third quarter. Citadel Advisors LLC now owns 1,169,383 shares of the company’s stock valued at $18,886,000 after acquiring an additional 1,119,294 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 83.2% in the third quarter. Ameriprise Financial Inc. now owns 1,191,190 shares of the company’s stock valued at $19,238,000 after acquiring an additional 541,016 shares in the last quarter. Manchester Financial Inc. lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 37.7% in the first quarter. Manchester Financial Inc. now owns 1,966,746 shares of the company’s stock valued at $35,028,000 after acquiring an additional 538,011 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 171.7% in the third quarter. Bank of America Corp DE now owns 742,842 shares of the company’s stock valued at $11,997,000 after acquiring an additional 469,480 shares in 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. The universe of stocks consists of dividend-paying companies in the Dow Jones STOXX 600 Index that have a positive five-year dividend-per-share growth rate and a dividend to earnings-per-share ratio of 60% or less.