First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sets New 1-Year High – Here’s Why

Shares of First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) reached a new 52-week high during trading on Wednesday . The company traded as high as $18.83 and last traded at $18.7890, with a volume of 22846 shares traded. The stock had previously closed at $18.61.

First Trust STOXX European Select Dividend Index Fund Stock Performance

The business’s 50 day moving average price is $17.48 and its two-hundred day moving average price is $16.58. The company has a market capitalization of $785.59 million, a price-to-earnings ratio of 9.67 and a beta of 0.84.

Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. lifted its holdings in shares of 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 valued at $26,780,000 after buying an additional 166,647 shares during the period. UBS Group AG lifted its holdings in First Trust STOXX European Select Dividend Index Fund by 40.4% in the 3rd quarter. UBS Group AG now owns 1,621,452 shares of the company’s stock valued at $26,186,000 after acquiring an additional 466,815 shares during the last quarter. Manchester Financial Inc. boosted its position in shares of First Trust STOXX European Select Dividend Index Fund by 3.6% during the 3rd quarter. Manchester Financial Inc. now owns 1,431,781 shares of the company’s stock valued at $23,123,000 after purchasing an additional 49,599 shares in the last quarter. Ameriprise Financial Inc. grew its stake 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 purchasing an additional 541,016 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 2,234.6% in the 3rd quarter. Citadel Advisors LLC now owns 1,169,383 shares of the company’s stock worth $18,886,000 after purchasing an additional 1,119,294 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.