First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sets New 12-Month High – Here’s Why

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) reached a new 52-week high during trading on Tuesday . The company traded as high as $17.61 and last traded at $17.5950, with a volume of 105483 shares changing hands. The stock had previously closed at $17.44.

First Trust STOXX European Select Dividend Index Fund Stock Up 0.8%

The business’s 50-day simple moving average is $16.59 and its two-hundred day simple moving average is $16.13. The firm has a market capitalization of $682.30 million, a price-to-earnings ratio of 9.67 and a beta of 0.84.

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

A number of institutional investors have recently modified their holdings of FDD. Comerica Bank raised its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 97.1% in the 1st quarter. Comerica Bank now owns 50,112 shares of the company’s stock valued at $680,000 after buying an additional 24,681 shares during the period. Baird Financial Group Inc. purchased a new stake in First Trust STOXX European Select Dividend Index Fund during the first quarter worth about $174,000. Royal Bank of Canada lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 38.6% during the first quarter. Royal Bank of Canada now owns 25,429 shares of the company’s stock worth $346,000 after purchasing an additional 7,086 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 588.1% in the first quarter. Jones Financial Companies Lllp now owns 27,353 shares of the company’s stock valued at $371,000 after purchasing an additional 23,378 shares during the period. Finally, Coppell Advisory Solutions LLC boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 23.7% in the first quarter. Coppell Advisory Solutions LLC now owns 13,281 shares of the company’s stock valued at $192,000 after purchasing an additional 2,544 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.