First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD) Stock Price Down 0.3% – Here’s Why

First Trust Stoxx European Select Dividend Index Fund (NYSEARCA:FDD)’s stock price dropped 0.3% during trading on Wednesday . The company traded as low as $12.00 and last traded at $12.04. Approximately 24,046 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 51,723 shares. The stock had previously closed at $12.07.

First Trust Stoxx European Select Dividend Index Fund Price Performance

The company has a 50-day moving average of $12.24 and a 200 day moving average of $12.17. The company has a market cap of $159.48 million, a PE ratio of 6.33 and a beta of 0.76.

Institutional Trading of First Trust Stoxx European Select Dividend Index Fund

A number of institutional investors have recently bought and sold shares of FDD. International Assets Investment Management LLC bought a new stake in shares of First Trust Stoxx European Select Dividend Index Fund in the 2nd quarter worth about $26,000. Gateway Wealth Partners LLC bought a new stake in shares of First Trust Stoxx European Select Dividend Index Fund during the 2nd quarter worth approximately $121,000. Williams & Novak LLC purchased a new stake in shares of First Trust Stoxx European Select Dividend Index Fund during the second quarter valued at $134,000. Liberty Wealth Management LLC purchased a new stake in First Trust Stoxx European Select Dividend Index Fund in the 2nd quarter valued at about $161,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of First Trust Stoxx European Select Dividend Index Fund by 16.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 15,662 shares of the company’s stock valued at $171,000 after purchasing an additional 2,208 shares during the period.

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.