First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Stock Price Down 1.2% – Here’s What Happened

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was down 1.2% on Thursday. The company traded as low as $19.46 and last traded at $19.54. Approximately 72,183 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 219,290 shares. The stock had previously closed at $19.78.

First Trust STOXX European Select Dividend Index Fund Stock Performance

The firm has a market capitalization of $897.86 million, a P/E ratio of 9.67 and a beta of 0.68. The firm has a 50-day moving average of $20.19 and a 200-day moving average of $19.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its holdings in First Trust STOXX European Select Dividend Index Fund by 18.6% in the 1st quarter. NewEdge Advisors LLC now owns 170,069 shares of the company’s stock worth $3,029,000 after buying an additional 26,718 shares in the last quarter. Royal Bank of Canada raised its position in First Trust STOXX European Select Dividend Index Fund by 20.4% in the 1st quarter. Royal Bank of Canada now owns 203,654 shares of the company’s stock worth $3,627,000 after buying an additional 34,560 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust STOXX European Select Dividend Index Fund by 5.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 390,954 shares of the company’s stock valued at $7,252,000 after acquiring an additional 18,831 shares during the period. Bank of America Corp DE lifted its stake in First Trust STOXX European Select Dividend Index Fund by 52.3% during the 1st quarter. Bank of America Corp DE now owns 669,210 shares of the company’s stock valued at $11,919,000 after acquiring an additional 229,723 shares during the period. Finally, Western Wealth Management LLC bought a new position in First Trust STOXX European Select Dividend Index Fund during the 1st quarter valued at about $170,000.

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.