First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Hits New 52-Week High – Still a Buy?

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $17.46 and last traded at $17.45, with a volume of 389121 shares. The stock had previously closed at $17.39.

First Trust STOXX European Select Dividend Index Fund Price Performance

The company has a 50-day moving average price of $16.53 and a 200-day moving average price of $16.10. The firm has a market capitalization of $678.22 million, a PE ratio of 9.67 and a beta of 0.84.

Institutional Investors Weigh In On First Trust STOXX European Select Dividend Index Fund

Hedge funds have recently modified their holdings of the company. Snowden Capital Advisors LLC lifted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 52.6% during the 2nd quarter. Snowden Capital Advisors LLC now owns 30,012 shares of the company’s stock worth $466,000 after acquiring an additional 10,350 shares during the period. MML Investors Services LLC increased its position in First Trust STOXX European Select Dividend Index Fund by 886.6% during the second quarter. MML Investors Services LLC now owns 109,515 shares of the company’s stock worth $1,702,000 after purchasing an additional 98,415 shares during the last quarter. Ameriprise Financial Inc. raised its stake in First Trust STOXX European Select Dividend Index Fund by 53.7% during the second quarter. Ameriprise Financial Inc. now owns 650,174 shares of the company’s stock worth $10,081,000 after purchasing an additional 227,240 shares during the period. Jane Street Group LLC raised its stake in First Trust STOXX European Select Dividend Index Fund by 161.2% during the second quarter. Jane Street Group LLC now owns 400,000 shares of the company’s stock worth $6,216,000 after purchasing an additional 246,876 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 609.2% in the 2nd quarter. Raymond James Financial Inc. now owns 1,491,557 shares of the company’s stock valued at $23,179,000 after purchasing an additional 1,281,248 shares during 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.