First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Reaches New 1-Year High – Here’s What Happened

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $16.86 and last traded at $16.7940, with a volume of 19091 shares. The stock had previously closed at $16.73.

First Trust STOXX European Select Dividend Index Fund Stock Performance

The firm’s 50 day simple moving average is $16.19 and its 200-day simple moving average is $15.89. The company has a market capitalization of $651.76 million, a price-to-earnings ratio of 9.67 and a beta of 0.84.

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

A number of hedge funds have recently modified their holdings of FDD. JPMorgan Chase & Co. purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the 2nd quarter worth about $28,000. Darwin Wealth Management LLC acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund during the 2nd quarter worth $34,000. Blair William & Co. IL acquired a new stake in shares of First Trust STOXX European Select Dividend Index Fund in the 2nd quarter valued at $47,000. Twin Peaks Wealth Advisors LLC bought a new stake in First Trust STOXX European Select Dividend Index Fund in the second quarter worth $68,000. Finally, Ameritas Advisory Services LLC increased its position in First Trust STOXX European Select Dividend Index Fund by 2,783.3% during the third quarter. Ameritas Advisory Services LLC now owns 6,026 shares of the company’s stock worth $97,000 after buying an additional 5,817 shares during 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.