First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 52-Week High – Still a Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $30.99 and last traded at $30.9610, with a volume of 74195 shares changing hands. The stock had previously closed at $30.90.

First Trust Dow Jones Global Select Dividend Index Fund Stock Up 0.2%

The business has a 50-day moving average price of $30.16 and a 200-day moving average price of $29.21. The firm has a market capitalization of $1.04 billion, a P/E ratio of 9.79 and a beta of 0.76.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. J.W. Cole Advisors Inc. lifted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 4.1% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,171 shares of the company’s stock worth $292,000 after buying an additional 400 shares during the period. Mission Creek Capital Partners Inc. lifted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 0.9% during the 2nd quarter. Mission Creek Capital Partners Inc. now owns 59,467 shares of the company’s stock worth $1,638,000 after buying an additional 529 shares in the last quarter. Intellectus Partners LLC increased its position in First Trust Dow Jones Global Select Dividend Index Fund by 2.8% in the second quarter. Intellectus Partners LLC now owns 29,210 shares of the company’s stock worth $804,000 after purchasing an additional 783 shares during the period. Creekside Partners raised its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 0.7% during the third quarter. Creekside Partners now owns 115,364 shares of the company’s stock worth $3,317,000 after buying an additional 822 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 1.8% during the 3rd quarter. D.A. Davidson & CO. now owns 55,104 shares of the company’s stock valued at $1,584,000 after acquiring an additional 997 shares during the last quarter.

About First Trust Dow Jones Global Select Dividend Index Fund

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.