First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Stock Price Up 0.5% – Should You Buy?

First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) traded up 0.5% during trading on Monday . The company traded as high as $13.78 and last traded at $13.77. 143,415 shares traded hands 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 Stock Up 0.5 %

The firm has a 50-day moving average of $12.58 and a 200 day moving average of $12.08. The stock has a market capitalization of $205.86 million, a P/E ratio of 10.30 and a beta of 0.99.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of First Trust Stoxx European Select Dividend Index Fund by 0.7% in the 4th quarter. Bank of America Corp DE now owns 130,271 shares of the company’s stock worth $1,466,000 after acquiring an additional 848 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in First Trust Stoxx European Select Dividend Index Fund by 1.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 91,553 shares of the company’s stock valued at $1,031,000 after purchasing an additional 962 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in First Trust Stoxx European Select Dividend Index Fund by 2.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 51,910 shares of the company’s stock worth $584,000 after purchasing an additional 1,017 shares in the last quarter. Atria Investments Inc grew its holdings in shares of First Trust Stoxx European Select Dividend Index Fund by 11.8% during the fourth quarter. Atria Investments Inc now owns 11,667 shares of the company’s stock worth $131,000 after purchasing an additional 1,229 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of First Trust Stoxx European Select Dividend Index Fund by 12.6% in the fourth quarter. Cetera Investment Advisers now owns 14,896 shares of the company’s stock valued at $168,000 after buying an additional 1,672 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.