First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Stock Falls 1.2% – What’s Next?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) shares were down 1.2% on Thursday. The company traded as low as $19.46 and last traded at $19.54. 72,183 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 219,290 shares. The stock had previously closed at $19.78.

First Trust STOXX European Select Dividend Index Fund Trading Up 1.0%

The company’s 50 day moving average price is $20.20 and its 200-day moving average price is $19.31. The company has a market capitalization of $906.59 million, a PE ratio of 9.67 and a beta of 0.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manchester Financial Inc. increased its stake in First Trust STOXX European Select Dividend Index Fund by 37.7% during the first quarter. Manchester Financial Inc. now owns 1,966,746 shares of the company’s stock worth $35,028,000 after acquiring an additional 538,011 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 52.3% during the 1st quarter. Bank of America Corp DE now owns 669,210 shares of the company’s stock worth $11,919,000 after purchasing an additional 229,723 shares during the period. Waverly Advisors LLC purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the 1st quarter worth about $2,716,000. Gateway Wealth Partners LLC increased its position in First Trust STOXX European Select Dividend Index Fund by 140.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 93,912 shares of the company’s stock worth $1,673,000 after purchasing an additional 54,887 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in First Trust STOXX European Select Dividend Index Fund by 160.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 82,302 shares of the company’s stock worth $1,466,000 after purchasing an additional 50,649 shares in 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.