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

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s share price reached a new 52-week high on Thursday . The company traded as high as $18.94 and last traded at $18.93, with a volume of 192901 shares trading hands. The stock had previously closed at $18.71.

First Trust STOXX European Select Dividend Index Fund Stock Performance

The firm’s 50-day simple moving average is $18.06 and its 200 day simple moving average is $16.90. The stock has a market capitalization of $802.63 million, a P/E ratio of 9.67 and a beta of 0.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in First Trust STOXX European Select Dividend Index Fund by 2.0% in the fourth quarter. Morgan Stanley now owns 3,351,416 shares of the company’s stock valued at $58,650,000 after purchasing an additional 66,147 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 11.2% in the 3rd 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 last quarter. UBS Group AG grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 40.4% in the third quarter. UBS Group AG now owns 1,621,452 shares of the company’s stock valued at $26,186,000 after buying an additional 466,815 shares in the last quarter. Manchester Financial Inc. grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 3.6% in the third quarter. Manchester Financial Inc. now owns 1,431,781 shares of the company’s stock valued at $23,123,000 after buying an additional 49,599 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in First Trust STOXX European Select Dividend Index Fund by 83.2% during the third quarter. Ameriprise Financial Inc. now owns 1,191,190 shares of the company’s stock worth $19,238,000 after buying an additional 541,016 shares during the last quarter.

First Trust STOXX European Select Dividend Index Fund Company Profile

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.