First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw an uptick in trading volume on Friday . 1,112,060 shares traded hands during mid-day trading, an increase of 202% from the previous session’s volume of 367,896 shares.The stock last traded at $16.06 and had previously closed at $15.93.

First Trust STOXX European Select Dividend Index Fund Trading Up 1.0%

The business’s fifty day simple moving average is $16.05 and its 200-day simple moving average is $15.09. The firm has a market cap of $646.01 million, a P/E ratio of 9.67 and a beta of 0.94.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in First Trust STOXX European Select Dividend Index Fund by 0.7% during the 4th quarter. Bank of America Corp DE now owns 130,271 shares of the company’s stock worth $1,466,000 after acquiring an additional 848 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 12.6% in the fourth quarter. Cetera Investment Advisers now owns 14,896 shares of the company’s stock valued at $168,000 after purchasing an additional 1,672 shares in the last quarter. GAMMA Investing LLC grew its stake in First Trust STOXX European Select Dividend Index Fund by 1,257.0% during the first quarter. GAMMA Investing LLC now owns 37,657 shares of the company’s stock valued at $511,000 after acquiring an additional 34,882 shares in the last quarter. NBC Securities Inc. grew its position in First Trust STOXX European Select Dividend Index Fund by 109,500.0% during the 1st quarter. NBC Securities Inc. now owns 2,192 shares of the company’s stock worth $29,000 after acquiring an additional 2,190 shares during the last quarter. Finally, Intellectus Partners LLC lifted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 6.0% during the first quarter. Intellectus Partners LLC now owns 615,633 shares of the company’s stock valued at $8,354,000 after purchasing an additional 35,089 shares during the last quarter.

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.