First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sets New 1-Year High – Should You Buy?

by · The Markets Daily

Shares of First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $36.08 and last traded at $35.8950, with a volume of 111238 shares trading hands. The stock had previously closed at $36.02.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The company has a fifty day moving average price of $34.41 and a two-hundred day moving average price of $33.47. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 9.79 and a beta of 0.65.

Hedge Funds Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. acquired a new stake in First Trust Dow Jones Global Select Dividend Index Fund in the 4th quarter worth $29,000. Hilton Head Capital Partners LLC bought a new position in First Trust Dow Jones Global Select Dividend Index Fund in the fourth quarter worth $38,000. Turning Point Benefit Group Inc. acquired a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the third quarter worth $54,000. Rossmore Private Capital acquired a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the first quarter worth $102,000. Finally, Raleigh Capital Management Inc. increased its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 30.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 3,947 shares of the company’s stock valued at $126,000 after buying an additional 915 shares during the period.

First Trust Dow Jones Global Select Dividend Index Fund Company Profile

(Get Free Report)

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.

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