First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 12-Month High – Should You Buy?

First Trust Dow Jones 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 $34.07 and last traded at $34.1470, with a volume of 16467 shares. The stock had previously closed at $33.84.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The stock has a 50 day moving average of $31.52 and a 200 day moving average of $30.04. The stock has a market capitalization of $1.19 billion, a P/E ratio of 9.79 and a beta of 0.76.

Institutional Trading of First Trust Dow Jones Global Select Dividend Index Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter worth $29,000. Hilton Head Capital Partners LLC acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund during the 4th quarter worth about $38,000. Turning Point Benefit Group Inc. bought a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter worth about $54,000. TD Capital Management LLC acquired a new stake in First Trust Dow Jones Global Select Dividend Index Fund in the 3rd quarter valued at about $67,000. Finally, Raleigh Capital Management Inc. increased its position in First Trust Dow Jones Global Select Dividend Index Fund by 708.5% in the 4th quarter. Raleigh Capital Management Inc. now owns 3,032 shares of the company’s stock valued at $92,000 after acquiring an additional 2,657 shares in the last quarter.

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. The Index universe is defined as all component companies of the 24 developed-market country indexes in the Dow Jones Global Indexes family.