First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Trading 0.4% Higher – Should You Buy?

Shares of First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) rose 0.4% on Tuesday . The stock traded as high as $32.96 and last traded at $32.78. Approximately 145,899 shares traded hands during trading, a decline of 44% from the average daily volume of 262,380 shares. The stock had previously closed at $32.65.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The firm has a fifty day moving average of $33.31 and a two-hundred day moving average of $32.49. The company has a market cap of $1.44 billion, a PE ratio of 9.79 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FGD. Raymond James Financial Inc. lifted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% during the second quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock worth $32,030,000 after acquiring an additional 942,903 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 48.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock worth $49,794,000 after purchasing an additional 593,342 shares in the last quarter. Bank of America Corp DE boosted its stake in First Trust Dow Jones Global Select Dividend Index Fund by 68.3% in the 1st quarter. Bank of America Corp DE now owns 1,147,241 shares of the company’s stock worth $36,631,000 after purchasing an additional 465,775 shares during the period. Wells Fargo & Company MN grew its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 18.8% during the 4th quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock valued at $80,862,000 after buying an additional 423,527 shares in the last quarter. Finally, Focus Financial Network Inc. purchased a new position in First Trust Dow Jones Global Select Dividend Index Fund during the 2nd quarter valued at about $12,466,000.

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