First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Hits New 12-Month High – Still a Buy?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $18.83 and last traded at $18.7890, with a volume of 22846 shares. The stock had previously closed at $18.61.

First Trust STOXX European Select Dividend Index Fund Price Performance

The company has a fifty day simple moving average of $17.48 and a 200-day simple moving average of $16.58. The company has a market cap of $785.59 million, a P/E ratio of 9.67 and a beta of 0.84.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. lifted its stake in First Trust STOXX European Select Dividend Index Fund by 2.5% during the fourth quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock valued at $389,000 after buying an additional 545 shares in the last quarter. Berger Financial Group Inc raised its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 4.2% during the second quarter. Berger Financial Group Inc now owns 16,543 shares of the company’s stock valued at $257,000 after acquiring an additional 668 shares during the period. J2 Capital Management Inc lifted its position in shares of 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 in the last quarter. Silver Oak Securities Incorporated boosted its stake 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 worth $360,000 after purchasing an additional 833 shares during the period. Finally, International Assets Investment Management LLC grew its position in First Trust STOXX European Select Dividend Index Fund by 2.3% during the 3rd quarter. International Assets Investment Management LLC now owns 45,005 shares of the company’s stock worth $699,000 after purchasing an additional 995 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.