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

Shares of First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) reached a new 52-week high during trading on Friday . The stock traded as high as $18.83 and last traded at $18.83, with a volume of 235982 shares traded. The stock had previously closed at $18.64.

First Trust STOXX European Select Dividend Index Fund Trading Up 1.0%

The firm’s 50 day simple moving average is $17.96 and its 200 day simple moving average is $16.83. The firm has a market cap of $798.39 million, a PE ratio of 9.67 and a beta of 0.84.

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

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in First Trust STOXX European Select Dividend Index Fund by 664.9% in the 4th quarter. NewEdge Advisors LLC now owns 143,351 shares of the company’s stock worth $2,509,000 after buying an additional 124,609 shares during the period. Cetera Investment Advisers grew its stake in First Trust STOXX European Select Dividend Index Fund by 0.7% in the 4th quarter. Cetera Investment Advisers now owns 145,683 shares of the company’s stock worth $2,549,000 after acquiring an additional 1,031 shares in the last quarter. Equitable Holdings Inc. increased its position in shares of First Trust STOXX European Select Dividend Index Fund by 3.0% during the fourth quarter. Equitable Holdings Inc. now owns 220,009 shares of the company’s stock worth $3,850,000 after acquiring an additional 6,354 shares during the period. Osaic Holdings Inc. raised its stake in shares of First Trust STOXX European Select Dividend Index Fund by 4.1% during the fourth quarter. Osaic Holdings Inc. now owns 884,982 shares of the company’s stock valued at $15,487,000 after acquiring an additional 35,066 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 74.4% in the fourth quarter. Royal Bank of Canada now owns 169,094 shares of the company’s stock valued at $2,959,000 after purchasing an additional 72,126 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.