First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Hits New 52-Week High – Time to Buy?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $20.63 and last traded at $20.6360, with a volume of 7596 shares. The stock had previously closed at $20.44.

First Trust STOXX European Select Dividend Index Fund Stock Up 0.3%

The stock has a market capitalization of $917.45 million, a P/E ratio of 9.67 and a beta of 0.68. The business has a fifty day moving average price of $19.78 and a 200-day moving average price of $19.13.

Institutional Investors Weigh In On First Trust STOXX European Select Dividend Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDD. Baird Financial Group Inc. bought a new stake in shares of First Trust STOXX European Select Dividend Index Fund in the first quarter worth $174,000. Royal Bank of Canada lifted its holdings in First Trust STOXX European Select Dividend Index Fund by 38.6% in the first quarter. Royal Bank of Canada now owns 25,429 shares of the company’s stock valued at $346,000 after acquiring an additional 7,086 shares during the period. Jones Financial Companies Lllp boosted its position in First Trust STOXX European Select Dividend Index Fund by 588.1% in the first quarter. Jones Financial Companies Lllp now owns 27,353 shares of the company’s stock worth $371,000 after purchasing an additional 23,378 shares during the last quarter. Jane Street Group LLC grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 87.4% during the 1st quarter. Jane Street Group LLC now owns 153,124 shares of the company’s stock valued at $2,078,000 after purchasing an additional 71,433 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the 1st quarter valued at about $611,000.

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.