First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Hits New 1-Year High – Time to Buy?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.58 and last traded at $18.54, with a volume of 384501 shares changing hands. The stock had previously closed at $18.15.

First Trust STOXX European Select Dividend Index Fund Trading Up 1.1%

The firm has a market capitalization of $786.85 million, a PE ratio of 9.67 and a beta of 0.84. The stock’s 50 day moving average price is $17.34 and its two-hundred day moving average price is $16.50.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

A number of large investors have recently made changes to their positions in FDD. Manchester Financial Inc. acquired a new position in First Trust STOXX European Select Dividend Index Fund in the 2nd quarter valued at $21,479,000. Raymond James Financial Inc. increased its stake in First Trust STOXX European Select Dividend Index Fund by 609.2% in the second quarter. Raymond James Financial Inc. now owns 1,491,557 shares of the company’s stock valued at $23,179,000 after purchasing an additional 1,281,248 shares during the last quarter. Citadel Advisors LLC lifted its position in First Trust STOXX European Select Dividend Index Fund by 2,234.6% during the third quarter. Citadel Advisors LLC now owns 1,169,383 shares of the company’s stock worth $18,886,000 after buying an additional 1,119,294 shares during the period. ODonnell Financial Services LLC acquired a new stake in First Trust STOXX European Select Dividend Index Fund in the 2nd quarter worth about $11,616,000. Finally, Osaic Holdings Inc. grew its holdings in First Trust STOXX European Select Dividend Index Fund by 6,008.4% in the 2nd quarter. Osaic Holdings Inc. now owns 569,857 shares of the company’s stock valued at $8,855,000 after buying an additional 560,528 shares during the period.

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. 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.