First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Trading 0.5% Higher – Still a Buy?

First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) shot up 0.5% on Monday . The company traded as high as $13.78 and last traded at $13.77. 143,415 shares were traded during mid-day trading, an increase of 88% from the average session volume of 76,436 shares. The stock had previously closed at $13.70.

First Trust Stoxx European Select Dividend Index Fund Trading Down 0.6 %

The company has a 50-day moving average of $12.63 and a 200-day moving average of $12.09. The firm has a market capitalization of $205.86 million, a P/E ratio of 10.30 and a beta of 0.99.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FDD. JPMorgan Chase & Co. raised its stake in First Trust Stoxx European Select Dividend Index Fund by 364.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,900 shares of the company’s stock worth $33,000 after buying an additional 2,275 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in First Trust Stoxx European Select Dividend Index Fund by 474.4% during the 4th quarter. Jones Financial Companies Lllp now owns 3,975 shares of the company’s stock worth $45,000 after acquiring an additional 3,283 shares during the period. Armis Advisers LLC bought a new position in shares of First Trust Stoxx European Select Dividend Index Fund in the 4th quarter worth about $113,000. Coppell Advisory Solutions LLC lifted its stake in shares of First Trust Stoxx European Select Dividend Index Fund by 24.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 10,737 shares of the company’s stock valued at $121,000 after purchasing an additional 2,081 shares during the period. Finally, Atria Investments Inc boosted its position in shares of First Trust Stoxx European Select Dividend Index Fund by 11.8% during the 4th quarter. Atria Investments Inc now owns 11,667 shares of the company’s stock valued at $131,000 after purchasing an additional 1,229 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.