First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Hits New 1-Year High – What’s Next?

Shares of First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDDGet Free Report) reached a new 52-week high on Thursday . The company traded as high as $20.63 and last traded at $20.6360, with a volume of 7596 shares traded. The stock had previously closed at $20.44.

First Trust STOXX European Select Dividend Index Fund Stock Performance

The stock has a market cap of $912.36 million, a P/E ratio of 9.67 and a beta of 0.68. The firm has a 50-day moving average price of $19.70 and a 200-day moving average price of $19.10.

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

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the 2nd quarter valued at $28,000. Triumph Capital Management increased its stake in shares of First Trust STOXX European Select Dividend Index Fund by 280.0% in the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock worth $33,000 after acquiring an additional 1,400 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in First Trust STOXX European Select Dividend Index Fund during the 2nd quarter valued at about $34,000. Larson Financial Group LLC purchased a new position in First Trust STOXX European Select Dividend Index Fund during the 4th quarter valued at about $119,000. Finally, Western Wealth Management LLC bought a new stake in First Trust STOXX European Select Dividend Index Fund during the first quarter worth about $170,000.

About First Trust STOXX European Select Dividend Index Fund

(Get Free Report)

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.

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