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

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) reached a new 52-week high on Monday . The stock traded as high as $35.05 and last traded at $34.8040, with a volume of 140165 shares trading hands. The stock had previously closed at $35.01.

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

The business has a fifty day simple moving average of $33.46 and a 200-day simple moving average of $33.02. The firm has a market cap of $1.58 billion, a P/E ratio of 9.79 and a beta of 0.64.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FGD. Raymond James Financial Inc. lifted its holdings 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 valued at $32,030,000 after purchasing an additional 942,903 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 48.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock worth $49,794,000 after buying an additional 593,342 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 buying an additional 465,775 shares during the last quarter. Wells Fargo & Company MN increased its position 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. bought a new position in First Trust Dow Jones Global Select Dividend Index Fund during the 2nd quarter valued at approximately $12,466,000.

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.