First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Trading Up 1.2% – Still a Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) shot up 1.2% during trading on Monday . The company traded as high as $27.86 and last traded at $27.82. 584,699 shares were traded during mid-day trading, an increase of 252% from the average session volume of 166,112 shares. The stock had previously closed at $27.49.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The stock has a fifty day moving average of $27.56 and a 200 day moving average of $25.28. The company has a market capitalization of $823.47 million, a PE ratio of 9.79 and a beta of 0.92.

Hedge Funds Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

Several large investors have recently modified their holdings of FGD. Transce3nd LLC bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 4th quarter valued at approximately $94,000. Novem Group bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 2nd quarter valued at approximately $207,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 1st quarter valued at approximately $210,000. Atria Wealth Solutions Inc. bought a new position in First Trust Dow Jones Global Select Dividend Index Fund in the 2nd quarter valued at $214,000. Finally, Park Square Financial Group LLC bought a new position in First Trust Dow Jones Global Select Dividend Index Fund in the 4th quarter valued at $233,000.

First Trust Dow Jones 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.