First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Trading Down 0.3% – Should You Sell?

First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD)’s stock price fell 0.3% during trading on Monday . The company traded as low as $11.21 and last traded at $11.24. 134,359 shares changed hands during trading, an increase of 156% from the average session volume of 52,556 shares. The stock had previously closed at $11.27.

First Trust Stoxx European Select Dividend Index Fund Trading Down 0.3 %

The company has a market capitalization of $148.93 million, a P/E ratio of 6.33 and a beta of 0.76. The stock’s fifty day moving average is $11.63 and its 200 day moving average is $11.97.

Hedge Funds Weigh In On First Trust Stoxx European Select Dividend Index Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in First Trust Stoxx European Select Dividend Index Fund in the third quarter worth $28,000. Intellectus Partners LLC lifted its position in shares of First Trust Stoxx European Select Dividend Index Fund by 4.9% in the 3rd quarter. Intellectus Partners LLC now owns 533,283 shares of the company’s stock worth $6,645,000 after purchasing an additional 24,872 shares during the period. Harbour Investments Inc. boosted its stake in shares of First Trust Stoxx European Select Dividend Index Fund by 1.3% during the 3rd quarter. Harbour Investments Inc. now owns 158,443 shares of the company’s stock valued at $1,974,000 after purchasing an additional 2,081 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of First Trust Stoxx European Select Dividend Index Fund by 9.4% during the third quarter. Janney Montgomery Scott LLC now owns 218,318 shares of the company’s stock valued at $2,720,000 after buying an additional 18,813 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of First Trust Stoxx European Select Dividend Index Fund by 1,146.0% during the third quarter. International Assets Investment Management LLC now owns 27,624 shares of the company’s stock valued at $344,000 after buying an additional 25,407 shares during the period.

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.