First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Shares Up 0.3% – Should You Buy?

First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) shares rose 0.3% during mid-day trading on Monday . The stock traded as high as $11.59 and last traded at $11.52. Approximately 128,036 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 86,103 shares. The stock had previously closed at $11.49.

First Trust Stoxx European Select Dividend Index Fund Stock Performance

The company has a 50-day simple moving average of $11.45 and a 200-day simple moving average of $11.90. The stock has a market cap of $152.64 million, a P/E ratio of 6.33 and a beta of 0.76.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDD. Benjamin Edwards Inc. grew its stake in shares of First Trust Stoxx European Select Dividend Index Fund by 707.0% during the third quarter. Benjamin Edwards Inc. now owns 22,103 shares of the company’s stock valued at $275,000 after purchasing an additional 19,364 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in First Trust Stoxx European Select Dividend Index Fund by 3.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 50,893 shares of the company’s stock valued at $634,000 after buying an additional 1,773 shares during the last quarter. Darwin Wealth Management LLC bought a new position in First Trust Stoxx European Select Dividend Index Fund in the 3rd quarter valued at $28,000. Intellectus Partners LLC raised its position in shares of First Trust Stoxx European Select Dividend Index Fund by 4.9% during the third quarter. Intellectus Partners LLC now owns 533,283 shares of the company’s stock worth $6,645,000 after acquiring an additional 24,872 shares during the last quarter. Finally, Harbour Investments Inc. raised its position 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 acquiring an additional 2,081 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.