First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Reaches New 1-Year High – What’s Next?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $20.58 and last traded at $20.5750, with a volume of 8794 shares. The stock had previously closed at $20.44.

First Trust STOXX European Select Dividend Index Fund Stock Up 0.6%

The company has a market capitalization of $911.25 million, a price-to-earnings ratio of 9.67 and a beta of 0.68. The business’s 50-day moving average is $19.41 and its 200-day moving average is $18.91.

Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin Edwards Inc. boosted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 2.5% in the fourth quarter. Benjamin Edwards Inc. now owns 22,239 shares of the company’s stock worth $389,000 after buying an additional 545 shares during the last quarter. Berger Financial Group Inc grew its holdings in First Trust STOXX European Select Dividend Index Fund by 4.2% during the fourth quarter. Berger Financial Group Inc now owns 20,124 shares of the company’s stock worth $352,000 after acquiring an additional 820 shares during the period. Foresight Capital Management Advisors Inc. raised its position in First Trust STOXX European Select Dividend Index Fund by 0.5% during the second quarter. Foresight Capital Management Advisors Inc. now owns 215,059 shares of the company’s stock valued at $3,989,000 after acquiring an additional 990 shares in the last quarter. Cetera Investment Advisers raised its position in First Trust STOXX European Select Dividend Index Fund by 0.7% during the fourth quarter. Cetera Investment Advisers now owns 145,683 shares of the company’s stock valued at $2,549,000 after acquiring an additional 1,031 shares in the last quarter. Finally, Hobart Private Capital LLC raised its position in First Trust STOXX European Select Dividend Index Fund by 0.6% during the second quarter. Hobart Private Capital LLC now owns 178,103 shares of the company’s stock valued at $3,304,000 after acquiring an additional 1,057 shares in 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. 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.