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

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) reached a new 52-week high during trading on Tuesday . The company traded as high as $20.60 and last traded at $20.5960, with a volume of 69486 shares trading hands. The stock had previously closed at $20.52.

First Trust STOXX European Select Dividend Index Fund Stock Down 0.7%

The company has a market cap of $906.16 million, a price-to-earnings ratio of 9.67 and a beta of 0.68. The firm has a 50 day moving average price of $19.59 and a two-hundred day moving average price of $19.04.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ignite Planners LLC acquired a new stake in First Trust STOXX European Select Dividend Index Fund during the fourth quarter worth approximately $2,088,000. IFP Advisors Inc lifted its stake in First Trust STOXX European Select Dividend Index Fund by 1.9% in the fourth quarter. IFP Advisors Inc now owns 329,008 shares of the company’s stock valued at $5,758,000 after buying an additional 6,036 shares during the period. Larson Financial Group LLC acquired a new position in First Trust STOXX European Select Dividend Index Fund in the fourth quarter valued at approximately $119,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 21.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 54,996 shares of the company’s stock worth $962,000 after buying an additional 9,811 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 2.3% during the 4th quarter. Atria Investments Inc now owns 444,559 shares of the company’s stock worth $7,780,000 after buying an additional 9,955 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. 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.