First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Reaches New 52-Week High – What’s Next?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $19.50 and last traded at $19.4450, with a volume of 83010 shares traded. The stock had previously closed at $19.09.

First Trust STOXX European Select Dividend Index Fund Price Performance

The business has a 50 day simple moving average of $18.27 and a 200 day simple moving average of $17.60. The company has a market capitalization of $876.67 million, a price-to-earnings ratio of 9.67 and a beta of 0.68.

Institutional Trading of First Trust STOXX European Select Dividend Index Fund

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the second quarter worth $28,000. Triumph Capital Management increased its position in shares of First Trust STOXX European Select Dividend Index Fund by 280.0% during the fourth quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock worth $33,000 after acquiring an additional 1,400 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the second quarter worth $34,000. N.E.W. Advisory Services LLC purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the fourth quarter worth $84,000. Finally, Ameritas Advisory Services LLC increased its position in shares of First Trust STOXX European Select Dividend Index Fund by 2,783.3% during the third quarter. Ameritas Advisory Services LLC now owns 6,026 shares of the company’s stock worth $97,000 after acquiring an additional 5,817 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.