First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 52-Week High – Here’s What Happened

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.77 and last traded at $35.78, with a volume of 156135 shares. The stock had previously closed at $35.68.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The business has a 50 day moving average of $33.92 and a 200 day moving average of $33.34. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.79 and a beta of 0.64.

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 added to or reduced their stakes in the stock. LPL Financial LLC increased its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 10.1% in the 4th quarter. LPL Financial LLC now owns 3,336,298 shares of the company’s stock valued at $100,990,000 after acquiring an additional 305,440 shares during the last quarter. Wells Fargo & Company MN boosted its stake 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 worth $80,862,000 after acquiring an additional 423,527 shares during the last quarter. Ameriprise Financial Inc. boosted its stake 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 acquiring an additional 593,342 shares during the last quarter. Raymond James Financial Inc. grew its holdings in 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 period. Finally, Bank of America Corp DE grew its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 68.3% during the first quarter. Bank of America Corp DE now owns 1,147,241 shares of the company’s stock valued at $36,631,000 after purchasing an additional 465,775 shares during the period.

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.