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

Shares of First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.01 and last traded at $19.9990, with a volume of 13293 shares trading hands. The stock had previously closed at $19.56.

First Trust STOXX European Select Dividend Index Fund Stock Up 0.5%

The stock has a market cap of $890.87 million, a PE ratio of 9.67 and a beta of 0.69. The business has a 50 day moving average price of $19.28 and a 200 day moving average price of $18.74.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the 2nd quarter worth approximately $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 purchasing an additional 1,400 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund in the 2nd quarter valued at $34,000. N.E.W. Advisory Services LLC acquired a new position in shares of First Trust STOXX European Select Dividend Index Fund in the 4th quarter valued at $84,000. Finally, Larson Financial Group LLC purchased a new stake in First Trust STOXX European Select Dividend Index Fund during the fourth quarter worth $119,000.

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.