First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sets New 1-Year High – Still a Buy?

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

First Trust STOXX European Select Dividend Index Fund Stock Performance

The company’s 50-day simple moving average is $16.59 and its 200 day simple moving average is $16.13. The company has a market cap of $682.30 million, a PE ratio of 9.67 and a beta of 0.84.

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

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new position in shares of First Trust STOXX European Select Dividend Index Fund in the 2nd quarter valued at about $28,000. Darwin Wealth Management LLC acquired a new stake in First Trust STOXX European Select Dividend Index Fund in the second quarter valued at approximately $34,000. Blair William & Co. IL purchased a new position in First Trust STOXX European Select Dividend Index Fund in the second quarter worth approximately $47,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust STOXX European Select Dividend Index Fund during the 2nd quarter worth approximately $68,000. Finally, Ameritas Advisory Services LLC increased its position in shares of First Trust STOXX European Select Dividend Index Fund by 2,783.3% in the 3rd quarter. Ameritas Advisory Services LLC now owns 6,026 shares of the company’s stock valued at $97,000 after purchasing 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. 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.