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) hit a new 52-week high during trading on Tuesday . The company traded as high as $20.01 and last traded at $20.01, with a volume of 13915 shares changing hands. The stock had previously closed at $19.67.

First Trust STOXX European Select Dividend Index Fund Trading Up 0.9%

The stock has a fifty day moving average price of $18.63 and a 200 day moving average price of $17.93. The firm has a market cap of $893.79 million, a price-to-earnings ratio of 9.67 and a beta of 0.68.

Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of FDD. Morgan Stanley grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 2.0% during the fourth quarter. Morgan Stanley now owns 3,351,416 shares of the company’s stock worth $58,650,000 after purchasing an additional 66,147 shares during the period. Manchester Financial Inc. grew its position in shares of First Trust STOXX European Select Dividend Index Fund by 37.7% in the first quarter. Manchester Financial Inc. now owns 1,966,746 shares of the company’s stock valued at $35,028,000 after purchasing an additional 538,011 shares during the last quarter. Raymond James Financial Inc. grew its position in 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 worth $26,780,000 after buying an additional 166,647 shares in the last quarter. UBS Group AG lifted its stake in First Trust STOXX European Select Dividend Index Fund by 40.4% during the third quarter. UBS Group AG now owns 1,621,452 shares of the company’s stock worth $26,186,000 after purchasing an additional 466,815 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in First Trust STOXX European Select Dividend Index Fund by 83.2% during the third quarter. Ameriprise Financial Inc. now owns 1,191,190 shares of the company’s stock worth $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.