First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Reaches New 1-Year High – What’s Next?

Shares of First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $20.58 and last traded at $20.5750, with a volume of 8794 shares. The stock had previously closed at $20.44.

First Trust STOXX European Select Dividend Index Fund Stock Up 0.6%

The business has a 50 day simple moving average of $19.41 and a 200 day simple moving average of $18.91. The company has a market capitalization of $911.25 million, a PE ratio of 9.67 and a beta of 0.68.

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

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