First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Trading Down 0.4% – What’s Next?

Shares of First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) dropped 0.4% during mid-day trading on Wednesday . The company traded as low as $11.92 and last traded at $11.92. Approximately 23,578 shares were traded during trading, a decline of 53% from the average daily volume of 50,307 shares. The stock had previously closed at $11.96.

First Trust Stoxx European Select Dividend Index Fund Stock Performance

The stock has a market capitalization of $157.90 million, a price-to-earnings ratio of 6.33 and a beta of 0.76. The company’s 50 day moving average is $12.27 and its 200 day moving average is $12.19.

Institutional Trading of First Trust Stoxx European Select Dividend Index Fund

Several hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of First Trust Stoxx European Select Dividend Index Fund by 2.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 58,720 shares of the company’s stock valued at $694,000 after buying an additional 1,140 shares during the period. Commonwealth Equity Services LLC boosted its position in First Trust Stoxx European Select Dividend Index Fund by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 60,638 shares of the company’s stock worth $710,000 after acquiring an additional 1,673 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of First Trust Stoxx European Select Dividend Index Fund by 16.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,662 shares of the company’s stock worth $171,000 after acquiring an additional 2,208 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of First Trust Stoxx European Select Dividend Index Fund in the second quarter valued at approximately $26,000. Finally, Gateway Wealth Partners LLC lifted its position in shares of First Trust Stoxx European Select Dividend Index Fund by 24.4% in the third quarter. Gateway Wealth Partners LLC now owns 12,905 shares of the company’s stock worth $161,000 after purchasing an additional 2,534 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.