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

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $20.32 and last traded at $20.32, with a volume of 246487 shares changing hands. The stock had previously closed at $20.17.

First Trust STOXX European Select Dividend Index Fund Stock Up 0.7%

The stock’s fifty day moving average is $19.30 and its two-hundred day moving average is $18.78. The firm has a market capitalization of $900.18 million, a price-to-earnings ratio of 9.67 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FDD. JPMorgan Chase & Co. acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund during the 2nd quarter worth about $28,000. Triumph Capital Management lifted its stake in First Trust STOXX European Select Dividend Index Fund by 280.0% in the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock valued at $33,000 after purchasing an additional 1,400 shares during the last quarter. Darwin Wealth Management LLC bought a new position in First Trust STOXX European Select Dividend Index Fund during the second quarter worth about $34,000. N.E.W. Advisory Services LLC bought a new position in First Trust STOXX European Select Dividend Index Fund during the fourth quarter worth about $84,000. Finally, Larson Financial Group LLC acquired a new position in First Trust STOXX European Select Dividend Index Fund during the fourth quarter worth approximately $119,000.

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.