First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Hits New 12-Month High – What’s Next?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s share price hit a new 52-week high on Thursday . The company traded as high as $16.71 and last traded at $16.71, with a volume of 14515 shares. The stock had previously closed at $16.61.

First Trust STOXX European Select Dividend Index Fund Trading Up 0.7%

The company’s fifty day moving average is $16.14 and its 200-day moving average is $15.71. The firm has a market capitalization of $648.70 million, a P/E ratio of 9.67 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Berger Financial Group Inc increased its stake in shares of First Trust STOXX European Select Dividend Index Fund by 4.2% in the 2nd quarter. Berger Financial Group Inc now owns 16,543 shares of the company’s stock valued at $257,000 after buying an additional 668 shares during the period. International Assets Investment Management LLC lifted its holdings in First Trust STOXX European Select Dividend Index Fund by 2.3% during the 3rd quarter. International Assets Investment Management LLC now owns 45,005 shares of the company’s stock valued at $699,000 after purchasing an additional 995 shares during the last quarter. Register Financial Advisors LLC grew its holdings in First Trust STOXX European Select Dividend Index Fund by 8.2% in the 3rd quarter. Register Financial Advisors LLC now owns 13,768 shares of the company’s stock valued at $222,000 after buying an additional 1,049 shares in the last quarter. FSB Premier Wealth Management Inc. boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 9.5% in the third quarter. FSB Premier Wealth Management Inc. now owns 12,173 shares of the company’s stock valued at $197,000 after buying an additional 1,057 shares during the period. Finally, Next Level Private LLC raised its position in First Trust STOXX European Select Dividend Index Fund by 0.7% during the second quarter. Next Level Private LLC now owns 163,272 shares of the company’s stock valued at $2,537,000 after purchasing an additional 1,147 shares in 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.