First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Share Price Breaks Above Fifty Day Moving Average – Here’s Why

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $19.43 and traded as high as $19.51. First Trust STOXX European Select Dividend Index Fund shares last traded at $19.50, with a volume of 138,263 shares trading hands.

First Trust STOXX European Select Dividend Index Fund Price Performance

The stock has a 50 day moving average price of $19.43 and a 200-day moving average price of $19.17. The stock has a market capitalization of $894.08 million, a P/E ratio of 10.20 and a beta of 0.69.

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

Several institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its position in First Trust STOXX European Select Dividend Index Fund by 2.8% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 170,991 shares of the company’s stock valued at $3,286,000 after acquiring an additional 4,634 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of First Trust STOXX European Select Dividend Index Fund during the 3rd quarter worth approximately $406,000. ODonnell Financial Services LLC grew its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 3.4% during the 3rd quarter. ODonnell Financial Services LLC now owns 990,575 shares of the company’s stock worth $19,039,000 after acquiring an additional 32,150 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of First Trust STOXX European Select Dividend Index Fund during the 3rd quarter worth approximately $26,000. Finally, Rasp Wealth Solutions LLC raised its position in shares of First Trust STOXX European Select Dividend Index Fund by 21.0% in the 3rd quarter. Rasp Wealth Solutions LLC now owns 31,089 shares of the company’s stock worth $598,000 after acquiring an additional 5,387 shares in 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. 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.