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

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) shares hit a new 52-week high during trading on Monday . The company traded as high as $19.63 and last traded at $19.60, with a volume of 115404 shares. The stock had previously closed at $19.21.

First Trust STOXX European Select Dividend Index Fund Stock Up 2.0%

The stock has a market cap of $882.98 million, a PE ratio of 9.67 and a beta of 0.68. The business has a 50 day moving average price of $18.40 and a 200 day moving average price of $17.79.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

A number of hedge funds have recently modified their holdings of FDD. Baird Financial Group Inc. purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund in the first quarter worth about $174,000. Royal Bank of Canada boosted its position in First Trust STOXX European Select Dividend Index Fund by 38.6% during the first quarter. Royal Bank of Canada now owns 25,429 shares of the company’s stock worth $346,000 after purchasing an additional 7,086 shares in the last quarter. Jones Financial Companies Lllp boosted its position in First Trust STOXX European Select Dividend Index Fund by 588.1% during 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 in the last quarter. Jane Street Group LLC boosted its position in First Trust STOXX European Select Dividend Index Fund by 87.4% during the first quarter. Jane Street Group LLC now owns 153,124 shares of the company’s stock worth $2,078,000 after purchasing an additional 71,433 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in First Trust STOXX European Select Dividend Index Fund during the first quarter worth approximately $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.