First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Reaches New 52-Week 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 Thursday . The company traded as high as $20.01 and last traded at $19.9990, with a volume of 13293 shares. The stock had previously closed at $19.56.

First Trust STOXX European Select Dividend Index Fund Trading Up 2.1%

The stock’s 50-day moving average price is $19.27 and its 200-day moving average price is $18.71. The company has a market cap of $885.11 million, a P/E ratio of 9.67 and a beta of 0.69.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

Several hedge funds have recently made changes to their positions in FDD. Morgan Stanley raised its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 2.0% during the 4th quarter. Morgan Stanley now owns 3,351,416 shares of the company’s stock valued at $58,650,000 after buying an additional 66,147 shares in the last quarter. Manchester Financial Inc. increased its stake in shares of First Trust STOXX European Select Dividend Index Fund by 37.7% during the first quarter. Manchester Financial Inc. now owns 1,966,746 shares of the company’s stock valued at $35,028,000 after buying an additional 538,011 shares during the period. Raymond James Financial Inc. increased its position in shares of First Trust STOXX European Select Dividend Index Fund by 11.2% during the third quarter. Raymond James Financial Inc. now owns 1,658,204 shares of the company’s stock valued at $26,780,000 after buying an additional 166,647 shares during the period. UBS Group AG increased its stake in shares of First Trust STOXX European Select Dividend Index Fund by 40.4% in the 3rd quarter. UBS Group AG now owns 1,621,452 shares of the company’s stock worth $26,186,000 after acquiring an additional 466,815 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of First Trust STOXX European Select Dividend Index Fund by 83.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,191,190 shares of the company’s stock valued at $19,238,000 after purchasing an additional 541,016 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. 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.