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

Shares of First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) reached a new 52-week high on Wednesday . The stock traded as high as $31.04 and last traded at $30.99, with a volume of 34005 shares. The stock had previously closed at $30.63.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The firm’s 50-day moving average price is $30.26 and its 200-day moving average price is $29.31. The stock has a market cap of $1.05 billion, a P/E ratio of 9.79 and a beta of 0.76.

Institutional Investors Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

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