First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Hits New 1-Year High at $22.92

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.92 and last traded at $22.77, with a volume of 10048 shares. The stock had previously closed at $22.70.

First Trust DJ Global Select Dividend Index Fund Price Performance

The firm’s 50 day moving average price is $22.41 and its 200-day moving average price is $21.84. The stock has a market cap of $549.96 million, a P/E ratio of 5.48 and a beta of 0.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Triumph Capital Management raised its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 1.8% during the third quarter. Triumph Capital Management now owns 37,870 shares of the company’s stock valued at $781,000 after purchasing an additional 669 shares during the last quarter. Cottonwood Capital Advisors LLC raised its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 3.5% during the third quarter. Cottonwood Capital Advisors LLC now owns 21,752 shares of the company’s stock valued at $448,000 after purchasing an additional 741 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 62.5% during the first quarter. FinTrust Capital Advisors LLC now owns 2,079 shares of the company’s stock valued at $47,000 after purchasing an additional 800 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 5.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 17,197 shares of the company’s stock valued at $383,000 after purchasing an additional 866 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 3.4% during the fourth quarter. D.A. Davidson & CO. now owns 27,755 shares of the company’s stock valued at $618,000 after purchasing an additional 909 shares during the last quarter.

First Trust DJ Global Select Dividend Index Fund Company Profile

First Trust Dow Jones Global Select Dividend 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 Global Select Dividend Index (the Index). The Index is an indicated annual dividend yield weighted index of 100 stocks selected from the developed market portion of the Dow Jones World Index, subject to certain buffers designed to limit turnover.