First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Stock Price Down 0.3% – Here’s What Happened

First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD)’s share price was down 0.3% during mid-day trading on Thursday . The stock traded as low as $11.56 and last traded at $11.59. Approximately 22,765 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 49,847 shares. The stock had previously closed at $11.63.

First Trust Stoxx European Select Dividend Index Fund Trading Down 0.6 %

The stock has a market capitalization of $152.38 million, a PE ratio of 6.33 and a beta of 0.76. The business’s 50 day moving average is $12.03 and its 200 day moving average is $12.16.

Institutional Investors Weigh In On First Trust Stoxx European Select Dividend Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Gateway Wealth Partners LLC increased its stake in First Trust Stoxx European Select Dividend Index Fund by 24.4% in the 3rd quarter. Gateway Wealth Partners LLC now owns 12,905 shares of the company’s stock worth $161,000 after buying an additional 2,534 shares during the period. Next Level Private LLC raised its stake in shares of First Trust Stoxx European Select Dividend Index Fund by 8.0% during the third quarter. Next Level Private LLC now owns 127,138 shares of the company’s stock valued at $1,584,000 after acquiring an additional 9,434 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust Stoxx European Select Dividend Index Fund by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 60,638 shares of the company’s stock valued at $710,000 after acquiring an additional 1,673 shares in the last quarter. Liberty Wealth Management LLC bought a new position in First Trust Stoxx European Select Dividend Index Fund in the second quarter worth approximately $161,000. Finally, International Assets Investment Management LLC bought a new position in First Trust Stoxx European Select Dividend Index Fund in the second quarter worth approximately $26,000.

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.