First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Trading Up 1.5% – Should You Buy?

First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) shares traded up 1.5% during mid-day trading on Monday . The company traded as high as $13.13 and last traded at $12.99. 123,215 shares were traded during trading, an increase of 44% from the average session volume of 85,567 shares. The stock had previously closed at $12.80.

First Trust Stoxx European Select Dividend Index Fund Price Performance

The company has a market cap of $155.23 million, a price-to-earnings ratio of 9.57 and a beta of 1.00. The business’s 50-day simple moving average is $11.88 and its 200-day simple moving average is $11.96.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Intellectus Partners LLC grew its holdings in shares of First Trust Stoxx European Select Dividend Index Fund by 8.9% during the fourth quarter. Intellectus Partners LLC now owns 580,544 shares of the company’s stock worth $6,535,000 after buying an additional 47,261 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Stoxx European Select Dividend Index Fund by 3.1% during the fourth quarter. LPL Financial LLC now owns 317,891 shares of the company’s stock worth $3,578,000 after buying an additional 9,502 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust Stoxx European Select Dividend Index Fund during the fourth quarter worth about $3,306,000. Janney Montgomery Scott LLC grew its holdings in shares of First Trust Stoxx European Select Dividend Index Fund by 9.4% during the third quarter. Janney Montgomery Scott LLC now owns 218,318 shares of the company’s stock worth $2,720,000 after buying an additional 18,813 shares in the last quarter. Finally, Harbour Investments Inc. grew its holdings in shares of First Trust Stoxx European Select Dividend Index Fund by 1.3% during the third quarter. Harbour Investments Inc. now owns 158,443 shares of the company’s stock worth $1,974,000 after buying an additional 2,081 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.