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

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $20.60 and last traded at $20.5960, with a volume of 69486 shares traded. The stock had previously closed at $20.52.

First Trust STOXX European Select Dividend Index Fund Price Performance

The company has a market capitalization of $912.36 million, a price-to-earnings ratio of 9.67 and a beta of 0.68. The business’s 50 day simple moving average is $19.55 and its 200 day simple moving average is $19.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. boosted its position in shares of First Trust STOXX European Select Dividend Index Fund by 2.5% in the 4th quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock worth $389,000 after buying an additional 545 shares in the last quarter. Foresight Capital Management Advisors Inc. boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 0.5% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 215,059 shares of the company’s stock worth $3,989,000 after purchasing an additional 990 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 0.7% during the 4th quarter. Cetera Investment Advisers now owns 145,683 shares of the company’s stock worth $2,549,000 after purchasing an additional 1,031 shares during the last quarter. Hobart Private Capital LLC grew its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 0.6% during the second quarter. Hobart Private Capital LLC now owns 178,103 shares of the company’s stock worth $3,304,000 after buying an additional 1,057 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of First Trust STOXX European Select Dividend Index Fund by 3.0% in the first quarter. International Assets Investment Management LLC now owns 41,155 shares of the company’s stock valued at $742,000 after buying an additional 1,201 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.