First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Reaches New 12-Month High – What’s Next?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.98 and last traded at $17.9350, with a volume of 62948 shares trading hands. The stock had previously closed at $17.81.

First Trust STOXX European Select Dividend Index Fund Stock Performance

The firm has a market capitalization of $744.51 million, a price-to-earnings ratio of 9.67 and a beta of 0.84. The business has a fifty day moving average of $17.09 and a two-hundred day moving average of $16.40.

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

Large investors have recently modified their holdings of the stock. Berger Financial Group Inc lifted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 4.2% during the 2nd quarter. Berger Financial Group Inc now owns 16,543 shares of the company’s stock worth $257,000 after buying an additional 668 shares during the last quarter. J2 Capital Management Inc raised its holdings in First Trust STOXX European Select Dividend Index Fund by 1.8% in the 4th quarter. J2 Capital Management Inc now owns 41,523 shares of the company’s stock valued at $727,000 after acquiring an additional 724 shares during the period. Silver Oak Securities Incorporated raised its holdings in First Trust STOXX European Select Dividend Index Fund by 4.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 20,490 shares of the company’s stock valued at $360,000 after acquiring an additional 833 shares during the period. International Assets Investment Management LLC lifted its position in First Trust STOXX European Select Dividend Index Fund by 2.3% during the third quarter. International Assets Investment Management LLC now owns 45,005 shares of the company’s stock worth $699,000 after acquiring an additional 995 shares during the last quarter. Finally, Register Financial Advisors LLC boosted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 8.2% during the third quarter. Register Financial Advisors LLC now owns 13,768 shares of the company’s stock worth $222,000 after acquiring an additional 1,049 shares during the period.

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.