First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sets New 52-Week High – Still a Buy?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s share price reached a new 52-week high during trading on Tuesday . The stock 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 Stock Performance

The business’s 50 day moving average price is $18.63 and its two-hundred day moving average price is $17.93. The company has a market capitalization of $893.79 million, a price-to-earnings ratio of 9.67 and a beta of 0.68.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FDD. JPMorgan Chase & Co. acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund during the 2nd quarter valued at about $28,000. Triumph Capital Management increased its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 280.0% during the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock valued at $33,000 after acquiring an additional 1,400 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund during the 2nd quarter valued at about $34,000. N.E.W. Advisory Services LLC acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund during the 4th quarter valued at about $84,000. Finally, Ameritas Advisory Services LLC increased its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 2,783.3% during the 3rd quarter. Ameritas Advisory Services LLC now owns 6,026 shares of the company’s stock valued at $97,000 after acquiring an additional 5,817 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.