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

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.01 and last traded at $20.01, with a volume of 13915 shares trading hands. The stock had previously closed at $19.67.

First Trust STOXX European Select Dividend Index Fund Trading Down 0.9%

The business has a 50 day moving average of $18.72 and a two-hundred day moving average of $17.98. The firm has a market cap of $888.84 million, a P/E ratio of 9.67 and a beta of 0.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in First Trust STOXX European Select Dividend Index Fund during the second quarter worth about $28,000. Triumph Capital Management boosted its holdings in First Trust STOXX European Select Dividend Index Fund by 280.0% in the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock worth $33,000 after buying an additional 1,400 shares during the period. Darwin Wealth Management LLC bought a new position in First Trust STOXX European Select Dividend Index Fund in the 2nd quarter worth approximately $34,000. N.E.W. Advisory Services LLC purchased a new position in First Trust STOXX European Select Dividend Index Fund in the 4th quarter valued at approximately $84,000. Finally, Ameritas Advisory Services LLC grew its stake in First Trust STOXX European Select Dividend Index Fund by 2,783.3% in the 3rd quarter. Ameritas Advisory Services LLC now owns 6,026 shares of the company’s stock valued at $97,000 after buying an additional 5,817 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.