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

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.23 and last traded at $17.1350, with a volume of 37015 shares trading hands. The stock had previously closed at $17.11.

First Trust STOXX European Select Dividend Index Fund Price Performance

The stock has a 50-day moving average price of $16.41 and a two-hundred day moving average price of $16.04. The stock has a market cap of $668.14 million, a PE ratio of 9.67 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. increased its position in First Trust STOXX European Select Dividend Index Fund by 11.2% in the third quarter. Raymond James Financial Inc. now owns 1,658,204 shares of the company’s stock worth $26,780,000 after purchasing an additional 166,647 shares during the last quarter. UBS Group AG lifted its position in First Trust STOXX European Select Dividend Index Fund by 40.4% during the third quarter. UBS Group AG now owns 1,621,452 shares of the company’s stock valued at $26,186,000 after purchasing an additional 466,815 shares during the last quarter. Manchester Financial Inc. grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 3.6% in the 3rd quarter. Manchester Financial Inc. now owns 1,431,781 shares of the company’s stock worth $23,123,000 after buying an additional 49,599 shares in the last quarter. SMI Advisory Services LLC bought a new stake in shares of First Trust STOXX European Select Dividend Index Fund in the 2nd quarter worth about $19,338,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 83.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,191,190 shares of the company’s stock worth $19,238,000 after buying an additional 541,016 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.