First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Trading Down 0.3% – Here’s What Happened

Shares of First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) traded down 0.3% during mid-day trading on Thursday . The company traded as low as $11.56 and last traded at $11.59. 22,765 shares were traded during mid-day trading, a decline of 54% from the average session volume of 49,847 shares. The stock had previously closed at $11.63.

First Trust Stoxx European Select Dividend Index Fund Stock Performance

The firm has a market cap of $152.38 million, a P/E ratio of 6.33 and a beta of 0.76. The business has a 50-day simple moving average of $12.03 and a 200 day simple moving average of $12.16.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Hobart Private Capital LLC boosted its stake in First Trust Stoxx European Select Dividend Index Fund by 40.4% in the 2nd quarter. Hobart Private Capital LLC now owns 93,380 shares of the company’s stock worth $1,093,000 after purchasing an additional 26,885 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of First Trust Stoxx European Select Dividend Index Fund by 1,146.0% in the third quarter. International Assets Investment Management LLC now owns 27,624 shares of the company’s stock worth $344,000 after buying an additional 25,407 shares in the last quarter. Intellectus Partners LLC boosted 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. Benjamin Edwards Inc. grew its stake in 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 acquiring an additional 19,364 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in First Trust Stoxx European Select Dividend Index Fund by 9.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 218,318 shares of the company’s stock valued at $2,720,000 after acquiring an additional 18,813 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.