First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Reaches New 12-Month 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 Wednesday . The company traded as high as $20.32 and last traded at $20.32, with a volume of 246487 shares changing hands. The stock had previously closed at $20.17.

First Trust STOXX European Select Dividend Index Fund Trading Up 0.1%

The firm has a market cap of $901.06 million, a price-to-earnings ratio of 9.67 and a beta of 0.68. The company has a 50 day moving average of $19.33 and a 200 day moving average of $18.82.

Institutional Investors Weigh In On First Trust STOXX European Select Dividend Index Fund

Several large investors have recently made changes to their positions in FDD. Raymond James Financial Inc. grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 609.2% in the second quarter. Raymond James Financial Inc. now owns 1,491,557 shares of the company’s stock valued at $23,179,000 after buying an additional 1,281,248 shares in the last quarter. Citadel Advisors LLC raised its position in First Trust STOXX European Select Dividend Index Fund by 2,234.6% during the third quarter. Citadel Advisors LLC now owns 1,169,383 shares of the company’s stock worth $18,886,000 after acquiring an additional 1,119,294 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of First Trust STOXX European Select Dividend Index Fund by 83.2% during 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. Manchester Financial Inc. lifted its stake in First Trust STOXX European Select Dividend Index Fund by 37.7% in the 1st quarter. Manchester Financial Inc. now owns 1,966,746 shares of the company’s stock valued at $35,028,000 after purchasing an additional 538,011 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in First Trust STOXX European Select Dividend Index Fund by 171.7% during the third quarter. Bank of America Corp DE now owns 742,842 shares of the company’s stock worth $11,997,000 after purchasing an additional 469,480 shares during the period.

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.