First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Hits New 12-Month High – Here’s Why

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $19.50 and last traded at $19.2490, with a volume of 119478 shares traded. The stock had previously closed at $19.33.

First Trust STOXX European Select Dividend Index Fund Trading Down 1.3%

The firm has a market capitalization of $855.05 million, a price-to-earnings ratio of 9.67 and a beta of 0.68. The firm’s 50-day moving average is $18.23 and its 200 day moving average is $17.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin Edwards Inc. lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 2.5% in the 4th quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock worth $389,000 after purchasing an additional 545 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 worth $727,000 after purchasing an additional 724 shares during the period. Berger Financial Group Inc lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 4.2% in the 4th quarter. Berger Financial Group Inc now owns 20,124 shares of the company’s stock worth $352,000 after purchasing an additional 820 shares during the period. Silver Oak Securities Incorporated lifted its position in shares of 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 lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 2.3% in 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 during the period.

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.