First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sees Unusually-High Trading Volume – Here’s Why

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) shares saw strong trading volume on Monday . Approximately 179,242 shares were traded during trading, a decline of 25% from the previous session’s volume of 240,460 shares.The stock last traded at $19.1250 and had previously closed at $19.23.

First Trust STOXX European Select Dividend Index Fund Trading Down 0.8%

The stock has a market cap of $846.93 million, a P/E ratio of 9.67 and a beta of 0.69. The stock has a 50 day simple moving average of $19.28 and a 200 day simple moving average of $18.62.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in First Trust STOXX European Select Dividend Index Fund during the second quarter worth about $28,000. Triumph Capital Management increased its holdings in First Trust STOXX European Select Dividend Index Fund by 280.0% in the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock valued at $33,000 after buying an additional 1,400 shares during the period. 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 approximately $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 approximately $84,000. Finally, Larson Financial Group LLC bought a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the 4th quarter worth approximately $119,000.

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.