First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Hits New 52-Week High – Here’s Why

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $16.86 and last traded at $16.7940, with a volume of 19091 shares changing hands. The stock had previously closed at $16.73.

First Trust STOXX European Select Dividend Index Fund Price Performance

The company has a market capitalization of $651.06 million, a price-to-earnings ratio of 9.67 and a beta of 0.84. The firm has a 50-day moving average price of $16.22 and a two-hundred day moving average price of $15.91.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP raised its stake in shares of First Trust STOXX European Select Dividend Index Fund by 339.1% in the third quarter. Susquehanna International Group LLP now owns 128,753 shares of the company’s stock valued at $2,079,000 after buying an additional 99,430 shares during the period. Moors & Cabot Inc. increased its holdings in First Trust STOXX European Select Dividend Index Fund by 9.2% in the 3rd quarter. Moors & Cabot Inc. now owns 24,420 shares of the company’s stock worth $394,000 after acquiring an additional 2,054 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in First Trust STOXX European Select Dividend Index Fund in the 3rd quarter valued at about $178,000. Flow Traders U.S. LLC lifted its holdings in First Trust STOXX European Select Dividend Index Fund by 719.0% during the third quarter. Flow Traders U.S. LLC now owns 267,748 shares of the company’s stock valued at $4,324,000 after purchasing an additional 235,054 shares during the last quarter. Finally, Citadel Advisors LLC lifted its holdings 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 valued at $18,886,000 after purchasing an additional 1,119,294 shares during 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.