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

Shares of First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) reached a new 52-week high on Monday . The stock traded as high as $19.50 and last traded at $19.2490, with a volume of 119478 shares trading hands. The stock had previously closed at $19.33.

First Trust STOXX European Select Dividend Index Fund Stock Performance

The company has a market capitalization of $862.84 million, a P/E ratio of 9.67 and a beta of 0.68. The company’s fifty day simple moving average is $18.21 and its 200-day simple moving average is $17.39.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FDD. Benjamin Edwards Inc. boosted its stake in First Trust STOXX European Select Dividend Index Fund by 2.5% in the fourth quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock valued at $389,000 after acquiring an additional 545 shares in the last quarter. J2 Capital Management Inc grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 1.8% during the fourth quarter. J2 Capital Management Inc now owns 41,523 shares of the company’s stock worth $727,000 after acquiring an additional 724 shares during the last quarter. Berger Financial Group Inc increased its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 4.2% during the fourth quarter. Berger Financial Group Inc now owns 20,124 shares of the company’s stock valued at $352,000 after acquiring an additional 820 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of First Trust STOXX European Select Dividend Index Fund by 4.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 20,490 shares of the company’s stock valued at $360,000 after purchasing an additional 833 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in First Trust STOXX European Select Dividend Index Fund by 2.3% in the 3rd quarter. International Assets Investment Management LLC now owns 45,005 shares of the company’s stock worth $699,000 after purchasing an additional 995 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.