First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Trading Up 0.3% – Should You Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) was up 0.3% during mid-day trading on Monday . The company traded as high as $33.35 and last traded at $33.22. Approximately 198,787 shares traded hands during trading, a decline of 25% from the average daily volume of 264,146 shares. The stock had previously closed at $33.13.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The company has a market capitalization of $1.37 billion, a PE ratio of 9.79 and a beta of 0.64. The company’s fifty day moving average is $33.16 and its 200-day moving average is $32.04.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FGD. 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 valued at $292,000 after buying an additional 400 shares in the last quarter. Equitable Holdings Inc. increased its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 0.6% in the 4th quarter. Equitable Holdings Inc. now owns 75,263 shares of the company’s stock worth $2,278,000 after acquiring an additional 437 shares in the last quarter. Turning Point Benefit Group Inc. increased its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 24.9% in the 4th quarter. Turning Point Benefit Group Inc. now owns 2,336 shares of the company’s stock worth $71,000 after acquiring an additional 466 shares in the last quarter. Howe & Rusling Inc. raised its position in First Trust Dow Jones Global Select Dividend Index Fund by 3.8% during the fourth quarter. Howe & Rusling Inc. now owns 14,552 shares of the company’s stock worth $440,000 after acquiring an additional 538 shares during the period. Finally, Comerica Bank raised its position in First Trust Dow Jones Global Select Dividend Index Fund by 4.6% during the fourth quarter. Comerica Bank now owns 19,718 shares of the company’s stock worth $597,000 after acquiring an additional 869 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.