First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sets New 12-Month High – What’s Next?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) shares hit a new 52-week high on Thursday . The company traded as high as $20.01 and last traded at $19.9990, with a volume of 13293 shares changing hands. The stock had previously closed at $19.56.

First Trust STOXX European Select Dividend Index Fund Stock Up 2.1%

The stock has a market cap of $885.11 million, a price-to-earnings ratio of 9.67 and a beta of 0.69. The stock’s 50 day moving average price is $19.27 and its two-hundred day moving average price is $18.71.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

Hedge funds have recently modified their holdings of the stock. Benjamin Edwards Inc. raised its stake in First Trust STOXX European Select Dividend Index Fund by 2.5% during the 4th quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock valued at $389,000 after acquiring an additional 545 shares during the last quarter. J2 Capital Management Inc boosted its holdings in First Trust STOXX European Select Dividend Index Fund by 1.8% in the fourth quarter. J2 Capital Management Inc now owns 41,523 shares of the company’s stock valued at $727,000 after purchasing an additional 724 shares during the last quarter. Berger Financial Group Inc raised its stake in shares of First Trust STOXX European Select Dividend Index Fund by 4.2% in the 4th quarter. Berger Financial Group Inc now owns 20,124 shares of the company’s stock valued at $352,000 after purchasing an additional 820 shares in the last quarter. Silver Oak Securities Incorporated raised its stake in First Trust STOXX European Select Dividend Index Fund by 4.2% during the fourth quarter. Silver Oak Securities Incorporated now owns 20,490 shares of the company’s stock worth $360,000 after acquiring an additional 833 shares during the period. Finally, Foresight Capital Management Advisors Inc. lifted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 0.5% in the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 215,059 shares of the company’s stock worth $3,989,000 after acquiring an additional 990 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. 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.