First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sees Strong Trading Volume – Should You Buy?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) shares saw unusually-strong trading volume on Monday . 179,242 shares were traded during trading, a decline of 25% from the previous session’s volume of 240,460 shares.The stock last traded at $19.1250 and had previously closed at $19.23.

First Trust STOXX European Select Dividend Index Fund Trading Down 0.8%

The company has a 50 day moving average of $19.28 and a 200-day moving average of $18.62. The firm has a market capitalization of $846.93 million, a P/E ratio of 9.67 and a beta of 0.69.

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. Baird Financial Group Inc. bought a new position in First Trust STOXX European Select Dividend Index Fund during the first quarter worth about $174,000. Royal Bank of Canada boosted its holdings in First Trust STOXX European Select Dividend Index Fund by 38.6% in the 1st quarter. Royal Bank of Canada now owns 25,429 shares of the company’s stock valued at $346,000 after purchasing an additional 7,086 shares during the period. Jones Financial Companies Lllp grew its position in shares of First Trust STOXX European Select Dividend Index Fund by 588.1% during the 1st quarter. Jones Financial Companies Lllp now owns 27,353 shares of the company’s stock worth $371,000 after purchasing an additional 23,378 shares in the last quarter. Jane Street Group LLC grew its position in shares of First Trust STOXX European Select Dividend Index Fund by 87.4% during the 1st quarter. Jane Street Group LLC now owns 153,124 shares of the company’s stock worth $2,078,000 after purchasing an additional 71,433 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in shares of First Trust STOXX European Select Dividend Index Fund during the first quarter worth approximately $611,000.

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.