First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Reaches New 1-Year High – Still a Buy?

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

First Trust STOXX European Select Dividend Index Fund Trading Up 0.4%

The business’s 50 day moving average price is $17.15 and its two-hundred day moving average price is $16.42. The stock has a market cap of $755.94 million, a P/E ratio of 9.67 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FDD. IFP Advisors Inc raised its stake in First Trust STOXX European Select Dividend Index Fund by 14,748.6% during the second quarter. IFP Advisors Inc now owns 342,112 shares of the company’s stock valued at $5,316,000 after buying an additional 339,808 shares during the last quarter. Foresight Capital Management Advisors Inc. bought a new position in shares of First Trust STOXX European Select Dividend Index Fund during the second quarter valued at $3,033,000. Belpointe Asset Management LLC purchased a new position in shares of First Trust STOXX European Select Dividend Index Fund in the 2nd quarter worth about $356,000. Berger Financial Group Inc boosted its stake in First Trust STOXX European Select Dividend Index Fund by 4.2% in the 2nd quarter. Berger Financial Group Inc now owns 16,543 shares of the company’s stock worth $257,000 after purchasing an additional 668 shares in the last quarter. Finally, Truist Financial Corp grew its position in First Trust STOXX European Select Dividend Index Fund by 620.2% during the 2nd quarter. Truist Financial Corp now owns 120,316 shares of the company’s stock valued at $1,870,000 after purchasing an additional 103,609 shares during 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.